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HSBC Streamlines Singapore as It Rebalances Asia Beyond Hong Kong

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‼️ BREAKING: HSBC Holdings Plc plans to consolidate its Singapore wholesale, retail and private-banking businesses under a single entity, streamlining local operations as it reshapes its Asian footprint. The overhaul follows the bank’s July agreement to sell its Singapore insurance unit for $2.1 billion and comes amid rising concern over HSBC’s concentration in Hong Kong as geopolitical risks intensify.

Nvidia Crushes Q2 Estimates, 4% Surge on Blockbuster $96B Revenue and Guidance Beat

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‼️ 🧠 Nvidia reported fiscal Q2 results that beat analysts’ estimates, with adjusted EPS of $2.22 versus $2.10 expected and revenue of $96.22 billion versus $92.17 billion expected, according to LSEG data. The company also issued revenue guidance for the next fiscal year that topped consensus, sending shares up 4% on the outlook.