HSBC Holdings ( LON:HSBA ) First Quarter 2024 Results Key Financial Results Revenue: US$20.0b (up 1.5% from 1Q 2023...
LONDON (Reuters) -HSBC has no current plans to sell more assets, its chairman Mark Tucker said on Friday at the annual shareholder meeting of the bank, which has scaled back its presence in Western markets in recent years as part of a sweeping overhaul. HSBC shareholders met in London days after the bank's CEO Noel Quinn announced his surprise retirement following a five-year tenure which saw HSBC sell retail banking operations in France and the U.S., and its entire Canadian unit, as it pivots towards Asia. The chairman's comments hint at a likely shift in direction for whomever succeeds Quinn, as the bank turns its focus away from shrinking its global empire to trying to grow its business in its remaining markets.
Fano Labs, the leading provider of performance language AI solutions, today announced the successful closure of its Series B round. Openspace Ventures, a leading venture capital firm in Southeast Asia, led the investment round, with participation from HSBC, Greater Good Investment, the family office of Mr. and Mrs. Kenneth Lo, and existing shareholders. With this new funding, Fano Labs will expand its footprint in further markets through the establishment of an office in Singapore, which will se