The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss CFO Ewen Stevenson predicts the base rate could start moving from mid-2022 The raise in interest rates would be welcomed by long-suffering savers The Bank of England slashed interest rates to a record low of 0.1% … Read more
Mortgage rates have continued to hit record lows, as HSBC launched its first sub-1 per cent deal in more than five years. The lender has cut the rate on its two-year fixed product for those with deposits or equity of at least 40 per cent by 0.05 per cent, bringing it down to 0.99 per … Read more
HSBC passes a landmark climate change policy after facing years of criticism for its financing of coal power By Lucy White For The Daily Mail Published: 21:50 BST, 28 May 2021 | Updated: 22:20 BST, 28 May 2021 HSBC has passed a landmark climate change policy after facing years of criticism for its financing of … Read more
Bitcoin blow as HSBC vows to steer clear: Bank boss cites its volatility and lack of transparency By Mark Shapland For The Daily Mail Published: 21:51 BST, 24 May 2021 | Updated: 21:51 BST, 24 May 2021 Bitcoin was dealt a fresh blow after HSBC’s chief executive declared the bank would not touch it. Noel … Read more
HSBC handed out more mortgages in March than any other month in its HISTORY and cuts rates on a number of home loans Bank handed out more mortgages in March than any month in its 40-year history This included providing home loans to more than 3,000 first-time buyers It has also cut rates on several … Read more
Extinction Rebellion fanatics are deliberately causing at least £5,000 of criminal damage at protests to get jury trials as they believe they’ll stand a better chance of acquittal Extinction Rebellion deliberately causing criminal damage to get a jury trial Anyone who causes at least £5,000 of damage can be brought before a jury Protestors believe … Read more
Bosses at HSBC have fallen victim to the bank’s huge cut back on office space as it attempts to move towards home-working, it has emerged. Senior staff were recently pushed out of their private offices on the 42nd level of the group’s Canary Wharf headquarters and will instead be force to hot-desk two floors below. … Read more
95% mortgage deals backed by the state: First-time buyers can get on the property ladder with just a 5% deposit under a new scheme launching today High street banks including Lloyds, Santander and Barclays will start offering state-backed mortgages under a government scheme launching today Both first-time buyers and current homeowners will be able to … Read more
HSBC moves another UK executive to Hong Kong as it doubles down on its shift to Asia By Daily Mail City & Finance Reporter Published: 22:27 BST, 14 April 2021 | Updated: 22:37 BST, 14 April 2021 HSBC has doubled down on its shift to Asia, sending yet another of its top executives from London … Read more
HSBC offers more than 1,200 call centre staff the option to WFH permanently after majority said they did not want to return to the office Research shows majority of 1,800 HSBC staff did not want to return to the office Discussions on work location flexibility taking place at an individual team level Contract changes for those … Read more