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AI & Enterprise

HSBC CEO warns not all data centres benefit from AI boom

HSBC CEO Georges Elhedery urged a selective approach to data-centre investment, saying not every facility will prove attractive even as AI spreads. He called AI a major investment theme and a core technology that can help redesign banking, but said infrastructure funding should be judged by contract structure and profitability, including the quality and pricing of leases. His comments come as AI and cloud demand fuel a surge in data-centre spending and raise concerns about rising debt issuance.

People & Appointments

Hana Bank named South Korea\'s best custodian bank by Euromoney

Hana Bank has been named South Korea\'s best custodian bank in a new custodian bank assessment introduced this year by global finance magazine Euromoney. The bank said it won the South Korea\'s Best Custodian award at Euromoney\'s Markets Awards 2026. Euromoney cited Hana Bank\'s operating experience in the domestic custody market and its expertise serving major public institutions, including four public pension funds and the Korea Post Office. Overseas custody services and digital transformation efforts were also reflected in the evaluation.

Crypto

Korea Fintech Industry Association discusses digital finance cooperation with Bank of England

The Korea Fintech Industry Association said it held talks with officials from the Bank of England on possible cooperation in digital assets and cross-border payments. Korean fintech companies joined the meeting to share business progress on stablecoin-based trade settlement, asset tokenisation and AI agent payments. Participants agreed institutional safeguards were needed to protect consumers and investors and to ensure payment system stability.