All the updated news related to HSBC

All the news related to HSBC updated in real time

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HSBC offers safe space for domestic abuse victims in every UK branch

People experiencing domestic abuse can now walk into any HSBC branch in the UK to access a ‘safe space’ and seek support and advice. The move is part of domestic abuse charity Hestia’s ‘UK says no more’ campaign, which was initially launched in ...

13 Apr 2022 at 01:25

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 discretionary income before the coronavirus ...

27 Apr 2022 at 13:25

City

HSBC profits plunge on Ukraine war and inflation worries

Banking giant HSBC has seen first-quarter profits tumble by more than a quarter after taking a hit on expected bad debts due to the Ukraine war and soaring inflation. The lender posted a 28% drop in pre-tax profits to 4.2 billion US ...

26 Apr 2022 at 09:25

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 next week, and analysts expect all but ...

22 Apr 2022 at 15:25

City

HSBC pays out £2.6bn in bonuses as profits more than double

Banking giant HSBC has handed out a mammoth 3.5 billion US dollars (£2.6 billion) in bonuses as it revealed annual profits more than doubled. The group hiked its staff bonus pool by nearly a third, up from 2.7 billion US dollars ...

22 Feb 2022 at 09:55

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 same period in 2020, ...

22 Feb 2022 at 06:25

City

Current account switching accelerated in final quarter of last year, data shows

Nearly a quarter of a million current account switches took place during the last three months of 2021, as the number of customers ditching their bank to move elsewhere accelerated. Some 248,902 accounts were switched between ...

27 Jan 2022 at 01:26

City

A third of firms ‘see investment in automation as top priority’ amid hiring woes

One in three businesses are planning to invest in automation as a priority in the face of staffing shortages, according to new research. A survey of 670 UK firms by banking giant HSBC found that 33% of businesses are ...

04 Jul 2022 at 01:01

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 ...

01 Aug 2022 at 13:50

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 ...

01 Aug 2022 at 15:31

City

Young adults more likely to have less than £1,000 of emergency savings – survey

Savers aged 18 to 24 are the most likely group to have less than £1,000 in their emergency savings amid rising inflation, a survey has found. Research from HSBC UK found that the majority of savers have an ...

14 Jun 2022 at 18:02

UK banks could fail safely as they leave ‘too big to fail’ era behind – report

The UK’s biggest banks are no longer too big to fail and could continue to provide vital services even if they are going through a crisis, according to a report. The Bank of England said that all eight of ...

10 Jun 2022 at 10:46

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