HSBC upgraded Intel (INTC) from Hold to Buy with a $95 price target, citing underappreciated server CPU momentum from the second quarter. Intel’s server CPU thesis flies in the face of a cautious consensus: the average analyst target is just $52.26, making HSBC’s decision a significant outlier in terms of conviction. The analyst who called…
Swiss private bank HSBC is implementing staff retention measures, including a compensation increase, following a series of executive departures, Bloomberg reported, citing people familiar with the matter. The bank is also leveraging the leadership of its business in the Middle East to support its operations in Switzerland. According to sources, HSBC’s Swiss division has increased…
UK-based lender HSBC has partnered with ValidiFI, a provider of predictive data and analytics solutions, to enhance its bank account validation and fraud monitoring capabilities. This collaboration aims to reinforce HSBC’s efforts to modernize payment security and protect customers against fraud, scams and mule accounts. ValidiFI will provide HSBC with advanced solutions to ensure the…
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