HSBC

This will allow sharing of customer and transaction data on money laundering cases.

The two hope to dispense over US$1b of loans over the next five years.

Customers’ immediate family can enjoy a suite of benefits with no minimum balance required.

And JPMorgan’s new healthcare unit invests $50m in Vera Whole Health.

The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.

And Visa agrees to buy banking platform Tink.

Clients can buy and sell securities in 10 markets worth up to US$10m daily.

HSBC’s Trista Sun expects 500 million middle class Chinese by 2025.

Even raises of up to 30% has failed to stop junior investment bankers from leaving.

CEO Wong joins as executive director, and a retired EY partner also joins the board.

Banks stand to lose on cost savings and even on attracting talent if they stubbornly push for the return of pre-pandemic work set-up.

Wong protege David Liao and India’s Surendra Rosha are rumored to become co-heads.