Artificial intelligence may be coming for hundreds of thousands of jobs, but Standard Chartered Plc’s chief executive officer has a message for anxious employees: we’ve been here before.

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.

Wall Street’s top chiefs said that capital markets will continue to underwrite the global artificial intelligence infrastructure buildout, with Morgan Stanley projecting cumulative spending could reach $15 trillion over the next decade.

Citigroup Inc. is counting on securing an onshore securities license in China as the US lender expands operations in the world’s second-largest economy following a string of major consumer exits across Asia.

Global finance chiefs will convene in Hong Kong in early November, roughly two weeks before US and Chinese leaders meet in Shenzhen in hopes of securing a long-term trade truce.

HSBC Holdings Plc is set to start its search for a new chief financial officer, parsing through a pool of internal and external candidates willing and qualified to take on one of the biggest jobs in global finance. The bank is looking to replace Pam Kaur, who unexpectedly announced Thursday she would retire from the role in 2027.

Hong Kong’s move to cut taxes for hedge funds has set off a frenzied wave of maneuvering across the city’s financial sector, with investment banks fearing an exodus of prop traders and one fund even considering rebranding a receptionist as an investor relations official to make the most of the potential windfall.

HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the lender will consider boosting its bonus pool for bankers if strong performance continues.

HSBC Holdings Plc is set to hire more than 100 artificial intelligence specialists in Singapore with plans to launch a global AI center in the city-state later this year as the British lender steps up investments in the technology that’s reshaping Wall Street workforces.

South Koreans are getting richer more quickly than anyone else in the world, creating an unprecedented opportunity for the country’s asset managers.

The curbs are casting a pall over a luxury market boom in the world’s top offshore hub — and unnerving the ultra-rich.

The curbs are casting a pall over a luxury market boom in the world’s top offshore hub — and unnerving the ultra-rich.

HSBC Holdings Plc said it will use Alphabet Inc.’s Google Cloud to roll out artificial intelligence across its global operations, including through projects that can each generate more than $100 million in extra revenue or savings.

Hong Kong banks are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts, part of a broader push to stem capital flight after Beijing launched an unprecedented crackdown on illegal cross-border trading.

UBS Group AG’s Asia Pacific President Iqbal Khan said artificial intelligence will free up capacity and improve productivity but also have an impact on jobs.

UBS Group AG’s Asia Pacific President Iqbal Khan said artificial intelligence will free up capacity and improve productivity but also have an impact on jobs.

Goldman Sachs Group Inc.’s staff in Hong Kong no longer have access to Anthropic’s Claude, an AI agent that speeds the process of writing computer software, according to a person familiar with the matter.

Goldman Sachs Group Inc.’s staff in Hong Kong no longer have access to Anthropic’s Claude, an AI agent that speeds the process of writing computer software, according to a person familiar with the matter.

HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the conflict in the Middle East and broader “uncertainties” are beginning to dent client confidence as investors navigate an increasingly volatile global landscape.

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.