HSBC and First Direct make more huge cuts to regular saver accounts which now pay just 1% – a drop of four fifths compared to last summer HSBC and First Direct customers will see rates fall from 2.75% to 1% The accounts let current accounts save up to £300 a month at a top rate … Read more
HSBC mulls overhauling its business model to charge fees for current accounts and other services as profits slump due to rock-bottom rates HSBC saw pre-tax profit fall 36% to $3.1bn (£2.4bn) and revenues fall 11% in Q3 But it set aside less money for bad loans $785m compared to $3.8bn in Q2 The bank said … Read more
MARKET REPORT: HSBC shares enjoy their best daily surge for more than a decade after Chinese investor ramps up stake in embattled bank By Matt Oliver For The Daily Mail Published: 22:21 BST, 28 September 2020 | Updated: 22:21 BST, 28 September 2020 HSBC shares enjoyed their best daily surge for more than a decade … Read more
HSBC warned it could be bombarded by legal claims after leaked files indicate bank allowed criminals to launder money By Daily Mail City & Finance Reporter Published: 22:00 BST, 21 September 2020 | Updated: 22:00 BST, 21 September 2020 HSBC has been warned it could be bombarded by legal claims after leaked files indicated the … Read more
Customers willing to spend a few hours buried in banking paperwork could potentially earn themselves £325 in one-off switching bonuses, after HSBC became the third bank in three weeks to launch a three-figure welcome offer. Those who switch to either its Advance or Premier accounts through the official switch service can earn £125 if they … Read more
First-time buyers hit as HSBC pulls 90% mortgages amid worries that a surge in applications would ‘put property purchases at risk’ HSBC will temporarily suspend deals for borrowers with a 10 per cent deposit Most lenders pulled these deals earlier this year due to reduced staff numbers As of this morning there were just 62 … Read more
The Zoom BOOM: Company nobody had heard of before Covid is now bigger than HSBC and Lloyds put together By Francesca Washtell For The Daily Mail Published: 22:16 BST, 1 September 2020 | Updated: 22:40 BST, 1 September 2020 A video conferencing company that few had heard of before lockdown is now worth more than … Read more
US officials attack HSBC for its treatment of pro-democracy protesters in Hong Kong, and accuse China of ‘bullying’ the bank By Daily Mail City & Finance Reporter Published: 22:13 BST, 26 August 2020 | Updated: 22:54 BST, 26 August 2020 US officials have attacked HSBC for its treatment of pro-democracy protesters in Hong Kong, and … Read more
HSBC shoots down Bank of England’s optimism over the economy predicting it will shrink by 10.3% in 2020 By Lucy White For The Daily Mail Published: 21:50 BST, 19 August 2020 | Updated: 21:50 BST, 19 August 2020 Britain’s biggest lender has taken issue with predictions from the Bank of England that the economy may … Read more
HSBC hits flathunters with loans clampdown: Bank set to insist on a 15% deposit – or 20% if buying a new-build By Victoria Bischoff Money Mail Editor For The Daily Mail Published: 21:50 BST, 13 August 2020 | Updated: 21:50 BST, 13 August 2020 HSBC is clamping down on how much it will loan to … Read more