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HSBC plans large-scale job cuts in its UK wealth management business, sharply reducing the number of financial advisers and other specialists to accelerate AI-driven servicing of affluent clients, the Financial Times reports.

2026-10-07

HSBC plans large-scale job cuts in its UK wealth management business, sharply reducing the number of financial advisers and other specialists to accelerate AI-driven servicing of affluent clients, the Financial Times reports.

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2026-10-07

The yen edged higher on Wednesday as USD/JPY fell from a two-week high of 158.51 to around 158 after Bank of Japan official Ayano Sato unexpectedly signaled support for further policy tightening. Sato, previously viewed as dovish and one of two disse

The yen edged higher on Wednesday as USD/JPY fell from a two-week high of 158.51 to around 158 after Bank of Japan official Ayano Sato unexpectedly signaled support for further policy tightening. Sato, previously viewed as dovish and one of two dissenters in September’s rate vote, said she backs the BOJ’s “gradual adjustment” of policy and that raising rates “helps achieve sustainable economic growth.” Gains were capped as the dollar remained broadly strong ahead of the Fed’s policy decision and rising oil prices weighed on Japan as an energy importer.
2026-10-06

JP Morgan CEO Dimon said tax policy should be fair and consistent.

JP Morgan CEO Dimon said tax policy should be fair and consistent.
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