"Infinite liability surface"
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HSBC reported costs of $7.5 billion despite “continued cost discipline” in Q1 2023, which it attributed to “higher spend on technology” as it also revealed a $1.5 billion gain from its £1 Silicon Valley Bank acquisition. The bank's IT leaders are continuing to execute HSBC'
Fed says warns tech may have changed the pace of bank runs, points to "textbook" mismanagement
Over 90 Google Cloud services were knocked offline in its Paris region after a major data centre incident – believed to have been caused by a water leak triggering a fire in a battery room of a co-location data centre. The incident also briefly triggered the complete global outage of its