HSBC Hit by Fraud Exposure

Global oil reserves plunged at a record pace in April and the SEC said it was proposing to allow public companies to file earnings reports every six months. Plus, the US will start reviewing some AI models over national security concerns and HSBC’s profits took a major hit from “fraud-related” exposure. 

Mentioned in this podcast:

SEC moves to scrap quarterly reporting requirement

Global oil reserves plunge at record pace as Middle East war strains supplies

HSBC profits hit by $400mn ‘fraud-related’ exposure

Google, xAI and Microsoft agree to US national security reviews of new AI models

Note: The FT does not use generative AI to voice its podcasts 

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, Fiona Symon, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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