AI could boost pretax earnings by up to 17%, or $1.5 billion a year, at Hong Kong banks BOCHK, Hang Seng, and BEA, based on Bloomberg Intelligence estimates, 2023 filings, and Deloitte research.
Technology credit quality is improving across hardware, semiconductors and software, driven by AI growth, transforming a previously depressed demand and limited supply cycle, Bloomberg Intelligence analysis shows.
Treasury was informed on Dec. 8 by a third-party software service provider that a threat actor remotely accessed certain workstations and unclassified documents, according to a letter reviewed by The Wall Street Journal.
