Nationwide and TSB join HSBC in reducing rates on mortgage deals July 27, 2023 Nationwide and TSB joined HSBC in reducing rates on a range of mortgage products today, as rates on mortgages continued to come down after last week’s inflation reading. Nationwide announced that it would be reducing fixed rates by up to 0.35 per cent while it would reduce rates available on its tracker products by 0.2 [...]
Morning in the City: BP, HSBC, and market updates – live May 2, 2023 Welcome to City A.M.'s morning live blog, keeping you up to date with all you need to know from the Square Mile
HSBC fined £6.2m for unfairly treating customers in financial difficulty May 23, 2024 HSBC has been slapped with a £6.2m fine by the UK financial regulator over failures in its treatment of customers who were in arrears or experiencing financial difficulty.
HSBC to book $1bn earnings hit from sale of business in Argentina April 9, 2024 HSBC has agreed to sell its Argentina business in a move that will see the bank book a $1bn (£800m) pretax loss in its first-quarter earnings.
HSBC set to nearly double annual profits as it shrugs off China worries February 15, 2024 HSBC is set to nearly double its annual profits on the back of higher interest rates as it shrugs off concerns about its exposure to China's stagnating economy.
HSBC heads for blockbuster trial today over Disney film tax scheme February 5, 2024 HSBC will defend itself from a £240m legal action by more than 500 investors over a Disney film tax scheme that resulted in large tax bills.
Why did HSBC withdraw mortgage deals for new borrowers? June 9, 2023 HSBC has temporarily withdrawn mortgage deals for new borrowers as the turbulence that has engulfed the UK mortgage market over the past few weeks continued. The bank removed products for new residential and buy-to-let products on Thursday, with new more expensive deals becoming available on Monday. HSBC had originally set a deadline of 5pm on [...]
HSBC’s exit from French retail market set to face delays as ‘unexpected interest rate rises’ force Cerberus to find more cash April 14, 2023 HSBC’s exit from the French retail market has been thrown into doubt after Cerberus Capital said it will need to stump up more cash to fund the transaction as a result of rising interest rates. In a statement today, HSBC said “unexpected interest rate rises” have forced Cerberus to significantly increase the amount of capital [...]
HSBC UK says banking services are returning after Black Friday outage November 25, 2023 HSBC has said its digital services are returning to normal after UK customers were left struggling to access mobile and online banking on one of the busiest shopping days of the year.
HSBC working on custodial service for digital assets… as long as they’re not crypto November 9, 2023 HSBC says it plans to launch a custody service for the storage of ‘blockchain-based assets’ - excluding cryptocurrency – next year.