HSBC: UK’s AI startups on track to raise record-breaking £3.4bn this year July 16, 2024 The UK continues to be the premier European hub for startup innovation and investment, outpacing France and Germany combined in the first half of 2024.
HSBC to revamp investment bank to look more like Citi July 10, 2024 HSBC is reportedly reshaping segments of its investment banking arm, following in the footsteps of rivals like Citigroup.
HSBC slows down hiring and reins in bankers’ expenses in cost-cutting drive July 2, 2024 HSBC is reportedly slowing down hiring and encouraging staff to rein in some expenses as Europe's biggest bank looks to cut costs.
HSBC ‘seriously violated’ Swiss money laundering rules, regulator says June 18, 2024 HSBC's Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country's banking regulator has found.
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.
Arrowxl to be sold after former Yodel owner racked up debts of over £150m May 28, 2024 ArrowXL is to be sold after the company behind it, which is owned by the billionaire Barclay family and formerly included Yodel, racked up debts of more than £150m ahead of entering administration.
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 and Deloitte latest to pull job offers from UK grads due to new immigration rules May 15, 2024 HSBC and Deloitte have reportedly withdrawn job offers to foreign graduates of UK universities as new immigration rules bite
HSBC scraps bonus cap for hundreds of top UK bankers after tense annual meeting May 3, 2024 HSBC shareholders have waved through the lender's proposal to remove an EU-imposed bonus cap, paving the way for it to hand bigger payouts to hundreds of top UK bankers, after a tense annual meeting dominated by questions over its pension policy and green finance.
HSBC dished out $19bn to shareholders last year – and there’s more to come in 2024 May 3, 2024 HSBC dished out roughly $19bn (£15.1bn) to shareholders in respect of last year and expects continued strong payouts in 2024, its management has said, as Europe's biggest bank looks to weather economic uncertainity and interest rate cuts.