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The Latest Breaking News from HSBC UK

Fastening firm Trifast investing in West Midlands distribution centre after £120m financing deal

'Substantial investment' at site after milestone deal

Birmingham Post

Banks recognise savers need more help accessing best rates, says City regulator

The Financial Conduct Authority said it had held a ‘constructive’ meeting with savings providers.

The Independent UK

Banks unveil plans to boost savings rates

First Direct said it had reviewed its interest rates ‘to ensure our customers receive a competitive return’.

The Independent UK

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South West care home group expands portfolio in Exeter

BN Care has purchased its fifth care home after securing a financial package

Birmingham Post

HSBC UK planning to boost its savings rates

The bank said it will be increasing rates shortly and making other changes, and it will give further details next week.

The Independent UK

Payment card recycling initiative launched for HSBC UK customers

Customers can securely shred expired or unused payment cards in specialist machines at selected branches.

The Independent UK

Mortgage lenders ‘stand ready’ to help borrowers struggling with payments

Lenders urged those who are worried about their payments to get in touch.

The Independent UK

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North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include Vaulkhard Group, Go-Ahead Group, Book Health, Fairstone and Solution Performance Group

Birmingham Post

Somerset manufacture, SWP Concrete Solutions, invests in new HQ

The Bridgwater company has secured a £5.3m finance package from HSBC

Birmingham Post

Santander is latest major lender to announce pause to some mortgage applications

The bank will not be accepting new applications via intermediary and online channels temporarily from Monday evening, ahead of a Wednesday relaunch.

The Independent UK

HSBC UK reopens broker channel for mortgages

Increased lender rates across the market resulted in significant demand for the bank’s products.

The Independent UK

HSBC pulls mortgage products for new borrowers ahead of rates hike

Nationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products before relaunching on Monday

The Independent UK

More pain for home buyers as Nationwide hikes mortgage rates HSBC deals disappear

It's more bad news for people buying or remortgaging

Wales Online

Mortgage rates hiked and products temporarily withdrawn by lenders - OLD

Nationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products.

The Independent UK

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Birmingham Post

Cornish heat pump firm secures seven-figure funding to support growth

Truro-based Kensa Group recently secured its largest-ever investment

The Independent UK

Banks set out plans to hike savings rates next week

Savers languishing on poor savings rates have been urged to ditch and switch to find a better deal.

Birmingham Post

Bristol and Bath businesses adapt strategies for growth, according to HSBC

Bank says a third of UK businesses plan to adapt their strategies to navigate financial challenges over the next six months

Birmingham Post

Welsh upholstery firm buys hotel following HSBC funding package

Lyn Morgan Furnishings has moved from rented premises in south Wales to the Elan Valley in mid-Wales

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news in one place.

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The Independent UK

People searching for bank holiday bargains warned to look out for purchase scams

HSBC UK said it recorded a jump in purchase scams in March and warned that scammers could be out to ruin the bank holiday weekend.

The Independent UK

More than 10 million UK adults struggling with bills and credit repayments – FCA

Around 5.6 million adults were estimated to have missed bills or loan payments in at least three of the previous six months, the FCA said.

Birmingham Post

Turbo Power Systems uses £3.8m to launch 'ultra rapid' electric vehicle chargers for industry

Production begins this summer as the firm is targeting fleet operators of commercial vehicles

The Independent UK

Banks apologise to customers following disruption to services on Tuesday

Both First Direct and HSBC UK have apologised after issues with their services on Tuesday morning.

The Independent UK

HSBC UK chief executive encourages people struggling financially to seek help

Ian Stuart was speaking as the bank announced a new initiative with housing charity Shelter to support the financial health of people and communities.

The Independent UK

20% of people ‘less confident than six months ago about paying rent or mortgage’

HSBC UK and housing charity Shelter have announced a new partnership to support the financial health of people and communities.

Daily Record

HSBC launches new £200 free cash switching offer to people moving their everyday banking services

RBS, NatWest and First Direct are also offering up to £200 to new customers switching banks.

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