Bumper HSBC Results & Job Cuts At Morgan Stanley

Bloomberg Daybreak: Europe Edition
02/05/2023 17 min
Bumper HSBC Results & Job Cuts At Morgan Stanley

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Episode Synopsis

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) HSBC announces a $2bn share buyback, special dividend and a tripling of pre-tax profits. (2) Morgan Stanley prepares for thousands of job losses amid a slump in deal making. (3) Janet Yellen warns the US Treasury may out of cash as soon as next month. (4) Samsung bans employees from using AI tools like Chat GPT after staff uploaded sensitive data to the platform. See omnystudio.com/listener for privacy information.

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