Author: The Banking Outlook
Singapore / London, March 26, 2026 — Standard Chartered has appointed Jan Metzger as Global Head of Coverage Banking within its Corporate & Investment Banking (CIB) division. Metzger joins the bank with over two decades of experience across Asia, having led multi-region businesses serving corporates, financial institutions and public sector clients across investment banking, credit and transaction banking. He joins from Citi, where he most recently served as Co-Head of Investment Banking for Asia Pacific. His prior roles include Global Co-Head of Technology Investment Banking, as well as senior positions at Credit Suisse and Deutsche Bank. Based in Hong Kong,…
23 Mar 2026 HSBC Holdings plc today announced David Rice will be appointed as HSBC’s first Chief AI Officer, effective 1 April. This new role provides clear enterprise leadership for AI adoption within HSBC in support of its ambition to build a bank designed for the future by embedding AI solutions that benefit colleagues and customers. The appointment comes as part of a wider focus on deploying AI at scale across HSBC by making generative AI tools available to all staff to simplify processes, procedures and policies, and equip customer-facing colleagues with the AI tools they need to deliver more…
The Steering Committee and National Swift User Group in the UAE held their regular meeting on 8 December 2025, chaired by Jamal Saleh, Director General of the UAE Banks Federation (UBF) and Chairman of the UAE Swift User Group Committee. The meeting focused on the continued development of digital payment systems and banking operations under the direct supervision of the Central Bank of the UAE (CBUAE). During the session, committee members reiterated their commitment to supporting digital transformation and enhancing the UAE’s financial infrastructure. The group aims to meet customer requirements, boost confidence in the banking sector, and advance the objectives of…
NEW YORK, Dec 9 (Reuters) – U.S. banks including JPMorgan Chase (JPM.N), opens new tab and Wells Fargo (WFC.N), opens new tab said artificial intelligence will boost productivity at their companies and likely cause job losses. JPMorgan Chase’s consumer and community banking chief Marianne Lake said at the Goldman Sachs financial services conference the bank has doubled productivity to 6% with AI, from a previous 3% without it. Operation specialists’ productivity is expected to grow by 40% to 50%, Lake said. The higher productivity means less impact jobs on a net basis, she said. AI represents the biggest technological upheaval to the world economy…
LONDON, Dec 8 (Reuters) – The combination of gold and share prices soaring in unison is a phenomenon not seen in at least half a century and raises questions of a potential bubble in both, global central bank umbrella body, the Bank for International Settlements, says. While equity markets continue to be driven by AI and tech gains, gold’s 60% surge this year is set to be its biggest since 1979, fuelling debate about whether its traditional role as a safe-haven asset has changed. “Gold has behaved very differently this year compared to its usual pattern,” Hyun Song Shin, Economic…
LONDON, Dec 8 (Reuters) – The combination of gold and share prices soaring in unison is a phenomenon not seen in at least half a century and raises questions of a potential bubble in both, global central bank umbrella body, the Bank for International Settlements, says. While equity markets continue to be driven by AI and tech gains, gold’s 60% surge this year is set to be its biggest since 1979, fuelling debate about whether its traditional role as a safe-haven asset has changed. “Gold has behaved very differently this year compared to its usual pattern,” Hyun Song Shin, Economic…
NEW DELHI, Dec 4 (Reuters) – Russian lenders Gazprombank (GZPRI.MM), opens new tab and Alfa Bank have sought clearance to begin operating in India, four people familiar with the matter said, as Moscow pushes to grow trade with its top seaborne oil customer. U.S. President Donald Trump has piled pressure on New Delhi over its ties with Moscow as India and Russia aim for bilateral trade of $100 billion by 2030, from $69 billion currently. Alfa Bank is Russia’s largest privately-owned lender and has been under Western sanctions since 2022 when Moscow launched its full invasion of Ukraine. Gazprombank, partially owned by energy firm Gazprom (GAZP.MM), opens…
LONDON, Dec 4 (Reuters) – The Bank of England said on Thursday that it was launching a stress test of how the $16 trillion global private equity and private credit industries would deal with a major financial shock. The central bank said the system-wide exploratory scenario will produce a final report in early 2027 which will focus on the impact on the British economy as a whole, rather than publishing details on the vulnerabilities of individual firms. “Private equity and private credit play an increasingly valuable role in helping UK companies to innovate, invest and grow. To keep delivering those…
Dec 3 (Reuters) – HSBC Holdings’ (HSBA.L), opens new tab interim chairman Brendan Nelson will move into that role on a permanent basis, in a surprise move that came seven months after the Asia-focused lender started a search to replace its former chair Mark Tucker. The news of the appointment of one of the biggest roles in global finance comes a day after HSBC CEO Georges Elhedery said that Nelson had expressed a desire not to do the chairman’s job for six to nine years at the current stage of his career. In its filing with the Hong Kong stock exchange on Wednesday, HSBC…
Dec 3 (Reuters) – HSBC Holdings’ (HSBA.L), opens new tab interim chairman Brendan Nelson will move into that role on a permanent basis, in a surprise move that came seven months after the Asia-focused lender started a search to replace its former chair Mark Tucker. The news of the appointment of one of the biggest roles in global finance comes a day after HSBC CEO Georges Elhedery said that Nelson had expressed a desire not to do the chairman’s job for six to nine years at the current stage of his career. In its filing with the Hong Kong stock exchange on Wednesday, HSBC…