Some of the world’s biggest asset managers are sounding the alarm about risks to the artificial intelligence boom, even as Wall Street’s top CEOs talk up the potential windfall from the market.

HSBC Holdings Plc said it would buy back shares worth $1 billion as it reported third-quarter earnings that fell short of estimates.

The listing of Firmus Grid Ltd. was poised to be the next beat of Oliver Curtis’s comeback story after serving time in prison on insider trading charges. It would also have cemented his position among the artificial intelligence boom’s ultra-wealthy.

One of China’s largest privately held conglomerates is considering selling its Hexie Health Insurance Co. division, according to people familiar with the matter.

Jane Street is among a group of investors committing $2 billion to Australian data center company Firmus Technologies Pty, marking the trading behemoth’s latest bet on the country’s fast-growing artificial intelligence sector.

Firmus Technologies Pty Ltd. will build its first data center project in Indonesia as part of a partnership with US chip giant Nvidia Corp., which the Australian artificial intelligence infrastructure firm said is expected to win it as much as $30 billion in committed offtake agreements in its first six years.

Indonesia’s central bank has been tightening oversight of Wall Street lenders and local financial institutions as it tries to stem the rupiah’s decline and support Southeast Asia’s largest economy, according to people familiar with the matter.

One of Australia’s biggest pension funds is ramping up scrutiny of KPMG Australia and the nation’s central bank moved to sever ties with the firm, as the accounting giant’s handling of misconduct allegations by a whistleblower fuels the latest scandal to rock the industry.

Standard Chartered Plc Chief Executive Officer Bill Winters apologized for his comments earlier this week about how artificial intelligence will affect “lower-value human capital,” after such remarks spurred public backlash.

Standard Chartered Plc promoted a former banking analyst and critic of the lender, Manus Costello, as its chief financial officer, concluding a months-long search to replace Diego De Giorgi following his abrupt departure from the Asia-focused lender.

Brevan Howard Asset Management plans to open a Tokyo office this summer, joining the rush of global finance giants seeking to capitalize on trading opportunities in the Japanese market, according to people with knowledge of the matter.

Oaktree Capital Management assured clients its exposure to software companies and direct lending remains limited, as global private credit funds retreat from areas showing heightened risk.

Some units at UBS Group AG’s investment bank have seen their bonus pools rise by as much as 20% for 2025, people familiar with the matter said.

Extreme market swings from metals to currencies are fueling a hiring push at hedge funds and banks as they seek traders who can capitalize on surging volatility.

Liquidators of China Evergrande Group are expected to receive binding offers from buyers for the firm’s Hong Kong-listed property management unit as soon as the end of this month, according to people familiar with the matter.

Financiers are doing a careful dance to help clients navigate the president’s second term without provoking him

As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second century,” the firm’s top executive told the thousands of attendees.

McKinsey & Co. cut about 200 global tech jobs in the past week as the consulting firm joins rivals in using artificial intelligence to automate some positions.