HSBC's Group Chairman, Mark Tucker, commented: Rachel is an exceptional candidate. I am absolutely delighted to welcome her to the Board. She has extensive knowledge and experience of operating in two of HSBC's most strategically important markets - Hong Kong and mainland China. Her knowledge and experience will further strengthen the Board's discussions and oversight.…
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Executed over several days in the first week of February this year in order to limit market slippage, Tesla made a $1.5 billion bitcoin purchase which has now been revealed by Block to have been brokered by the cryptocurrency platform, Coinbase. Up until this announcement it had been unclear who had facilitated the significant purchase,…
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Celine Herweijer commented: The challenge and the opportunity for HSBC is immense. Achieving net zero means we need to see a fundamental reshaping of industries and therefore of the global economy. Getting there requires bold action, new partnerships and ways of engaging with customers and stakeholders to accelerate the new solutions the world requires. As…
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The conclusions and results from these experiments will directly contribute to the more global reflection conducted by the Eurosystem on the value of a central bank digital currency. Todd McDonald, Chief Product Officer at R3, said: The digital Euro project is a unique and ambitious undertaking. The Euro was a major innovation itself, so it…
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Stuart Levey said: I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape. Technology provides us with the opportunity to make it easier for individuals and businesses to send and receive money, and to empower more than a…
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Steve Toland commented: We have different workflows coming through from venues like Bloomberg and Tradeweb, whether that’s list trading or portfolio trading, but that buy-side flow is now being automated so the sell-side needs to adapt. Banks need to connect to different venues to support new trading types, and they also need to ensure their…
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HSBC announced on Thursday that Kaber Mclean was appointed as Chief Executive Officer of the bank’s Australian office. The lender aims to expands in the region as Hong Kong operations are under pressure of anti-government riots. Mclean has been with HSBC since 1996. For more than two decades of service at the bank, he has…
Read moreHSBC is revolutionising the way the bank tracks and records assets. Currently, Reuters reported that HSBC plans to shift around $20 billion worth of assets from paper records to a new digital blockchain platform. The shifting is expected to take place by March and it will be one of the biggest deployments of blockchain ever…
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News cycles come and go. A few years back, articles covering the crypto space were few and far between, often only speaking to Bitcoin and what some regulator or government official had to say about the strange new substitute for fiat currency. Fast forward until today, and there are a multitude of websites, this one…
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Bangkok Bank, BNP Paribas, CTBC Holding, HSBC, ING, NatWest, SEB and Standard Chartered in partnership with Bain, CryptoBLK and R3 launch open industry platform, corporate customer pilot programme and technology partner programme on the Corda Network The Voltron initiative has launched the open platform for documentary trade, targeting production on R3’s Corda Enterprise blockchain platform…
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