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The Latest Breaking News from HSBC

Best children’s savings account for 2025 with families able to earn 5.5%

Everything you need to know to open a savings accounts for your young ones - and what to do for the older ones too

The Independent UK

Notable Wall Street Bull Cuts His S&P 500 Targets. Trump Isn't 'Bluffing' On Tariffs.

Consistent Wall Street bull Ed Yardeni is cutting his S&P 500 targets over Trump tariffs. He realizes President Trump isn't "bluffing."

Investors Business Daily

Luxury Is Out, Comfort Is In: Brits Now Say True Wealth Means Having a Garden and Early Retirement

Brits now see wealth as financial security over flashy luxuries, with home comforts like a driveway, kitchen island, and early retirement as key status symbols.

International Business Times UK

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Earnings thresholds at which women and men would say someone is wealthy revealed

Research for HSBC UK found perceptions differed among people earning £100,000-plus, compared with the general population.

Evening Standard

UK house prices fall unexpectedly, says Halifax

Average property price dips to £298,602 in February despite analysts expecting rush before stamp duty rises

The Guardian - UK

Santander's IT Nightmare: Outage Leaves Customers Without Funds—Can You Claim Compensation?

Santander users are experiencing major challenges using their debit and credit cards, as well as transfering money. Downdetector reports that this is an ongoing, global issue.

International Business Times UK

HSBC launches search for new UK boss in latest reshuffle

Current chief executive Ian Stuart will be taking on a newly-created position of group customer and culture director.

Evening Standard

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City bonuses are back: supercars and Notting Hill flats on the shopping list for big spenders

Estate agents and supercar dealers seeing an upswing in enquiries from the winners in the bonus season

Evening Standard

Our eight-year-old daughter spent £8,500 on the Apple app store

We did not realise our HSBC debit card had been linked to her iPhone and she was sending money to YouTube channels

The Guardian - UK

HSBC rolls out face-to-face financial health checks – here’s what it means for you

The bank expects the service to be available in more than 100 branches within weeks.

The Independent UK

Pay soars at Barclays and HSBC after end of UK banker bonus cap

One HSBC banker was paid up to £16.6m in 2024 while figure at Barclays was £14.8m after loosening of pay rules

The Guardian - UK

Not Just China: 3 European Stocks Gaining Investor Interest

This article introduces readers to four European stocks seeing sharp increases in share value or higher trading volume since the threat of tariffs.

MarketBeat

Greats of Real Madrid and FC Barcelona to play in Navi Mumbai on this date

India is about to witness one of the greatest rivalries in world football.Read further on Dynamite News:

Dynamite News

Retiring early, good work-life balance and kitchen island ‘key signs of wealth’

HSBC UK commissioned research comparing attitudes, perceptions and aspirations around wealth.

Evening Standard

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Fortune

AI's big selling point of boosting worker productivity is so far a phantom

It looks like a return to Solow's Paradox as CEO views of AI's advantage diverge.

Evening Standard

Banks and defence stocks help lift FTSE 100 after Starmer ups security spending

The blue-chip index gained 9.69 points, or 0.11%, to close at 8,668.67.

Fortune

Geopolitical disruption be damned: HSBC finds fast-growing businesses are doubling down on global expansion

The world's fastest-growing companies expect most of their sales to come from overseas, even as uncertainty grows.

The Guardian - UK

UK regulator fines four banks £100m over traders’ sharing of information

HSBC, Citi and Morgan Stanley among five banks CMA investigated for competition law breaches between 2009 and 2013

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Evening Standard

Banks fined £100m after traders shared sensitive information in chat rooms

For four years after the financial crisis bank staff were sharing information about the Government debt they were buying and selling, regulators said.

The Independent UK

Four banks fined £100m over chat room messages

HSBC, Citi, Royal Bank of Canada and Morgan Stanley were all fined, while Deutsche Bank received immunity for reporting its conduct to authorities

Evening Standard

Four major City banks fined more than £100 million by watchdog

CMA investigation found that traders were sharing information about the gilts market in chat rooms

The Guardian - UK

HSBC net zero goal delayed 20 years, as CEO offered 600% bonus

Bank is criticised for pushing climate targets to 2050 and watering down environmental goals

Evening Standard

HSBC pushes back climate target for operations and supply chain by 20 years

HSBC says factors ‘outside of our control’ affect its ability to meet its climate targets.

The Independent UK

HSBC pushes back climate targets by 20 years and blames ‘lag’ in government policy

UK head office to bear brunt of job cuts as bank aims to slash staffing costs by £1.2bn

Evening Standard

HSBC reveals plans to cut jobs amid bid to slash costs by £1.2bn

The banking group said it will reduce its global staff costs by around 8% under the overhaul.

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