HSBC is selling its $36bn Australian home and personal loan portfolio to private equity giant Blackstone as part of a broader wind-down of its local retail banking operations over the next 18 months, according to a company announcement. The transaction marks the latest downsizing move by the London-headquartered lender following a strategic review, with George … Read more
Macquarie Group chief executive Shemara Wikramanayake will retire in November after nearly four decades with the finance giant, leaving office with a direct shareholding valued at more than $375 million, according to company announcements and market disclosures. Chairman Glenn Stevens informed the Australian Stock Exchange on Thursday morning that group head of banking and financial … Read more
Australian critical infrastructure and civilian networks are increasingly vulnerable to sophisticated cyberattacks, according to the Australian Signals Directorate (ASD). State-funded hackers, particularly those linked to Russia, are actively targeting communications, energy grids, financial services, and healthcare systems. Because the internet lacks physical borders, individual businesses and home users now act as the front line of … Read more
The Shift Toward Custom Silicon: Is the AI Hardware Gold Rush Evolving? For years, Nvidia has been the undisputed face of the artificial intelligence revolution. With its share price climbing significantly over the past three years, the company’s graphics processing units (GPUs) became the gold standard for data centers worldwide. However, as the AI sector … Read more