All the updated news related to HSBC

All the news related to HSBC updated in real time

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HSBC hands £1,500 payout to half of employees, but warns over workforce cuts

City

HSBC hands £1,500 payout to junior staff, but warns over workforce cuts

HSBC will give a one-off payment of £1,500 to about half of its UK staff to support them during the cost-of-living crisis, but bosses have warned of further cuts to the workforce. The banking giant said the cash boost will go to more junior staff ...

01 Aug 2022 at 15:31

City

HSBC makes dividend pledge amid break-up pressure

Banking giant HSBC has vowed to return shareholder dividend payouts to pre-pandemic levels “as soon as possible” as it comes under pressure from its biggest investor to break up the group. Chief executive Noel Quinn made the pledge as he seeks ...

01 Aug 2022 at 10:10

Personal Finance

Bank reveals three most common scams

Purchase scams, impersonation scams and investment scams are the three most common types of fraud that HSBC UK has reported seeing recently. The bank also said it has revamped its free HSBC fraud and cyber awareness app, which is available ...

25 Jul 2022 at 13:16

City

HSBC rebuffs break-up calls and pledges to boost dividends

HSBC has come out fighting against calls by its largest shareholder for a break-up of the banking giant as it claimed the move would be costly and risky. The banking giant warned that a spin-off or demerger of its Asian business could ...

01 Aug 2022 at 13:50

City

HSBC suspends senior banker over claims climate warnings are ‘shrill’ – reports

Lending giant HSBC has reportedly suspended a senior banker after he dismissed climate change warnings as “unsubstantiated” and claimed central bankers have exaggerated global warming risks. Stuart Kirk – head of responsible ...

15 Jun 2022 at 10:37

City

Which HSBC branches are set to close?

HSBC has confirmed that a further 69 of its branches will close for good later this year. The banking giant made the announcement as part of its “transformation programme”, which saw it axe 82 sites last year. It said the ...

15 Mar 2022 at 15:25

‘HMRC denied banks access to data that could have prevented Covid loans fraud’

The Government did not provide vital data that banks indicated might have let them prevent billions of pounds of fraudulent Covid loans, MPs have been told. Hannah Bernard, the head of business banking at Barclays, said ...

15 Mar 2022 at 16:25

City

HSBC to close 69 more bank branches

HSBC has said it will shut 69 branches as it continues to close banks because of customers switching online. The move, which could hit around 400 workers across the branches, is the latest in a flurry of closure ...

15 Mar 2022 at 13:25

Personal Finance

More than half of women expect to struggle financially in later life – survey

More than half (52%) of women expect to struggle financially in later life, as do just under half (47%) of men, according to a survey. The research also found nearly one in five (19%) people who are now retired ...

08 Mar 2022 at 01:25

City

HSBC annual pre-tax profit more than doubles to £13.9 billion

HSBC has reported its annual pre-tax profit more than doubled to 18.9 billion US dollars (£13.9 billion) for the year ending December 31. The figure represents a 10.1-billion-dollar (£7.4 b) increase on the ...

22 Feb 2022 at 06:25

Personal Finance

Nearly one in five ‘have no disposable income left after paying for essentials’

Nearly one in five (18%) people say they have no disposable income left to spend after their essential outgoings have been paid for, a survey has found. This is up from 13% who had no leftover ...

27 Apr 2022 at 13:25

City

Banks forecast to show declining profits as loans expected to sour

Most of the major UK banks are expected to show declines in profits as they could potentially start writing off bad loans. All of the Big Five will report their first-quarter results over the ...

22 Apr 2022 at 15:25

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