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The Latest Breaking News from HSBC

Full list of bank closures in Scotland as 13 more branches set to shutter

Further branch closures will be seen across six major banks in Scotland.

Daily Record

HSBC profit rockets on rising interest rates

London (AFP) - Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.

AFP

HSBC reveals plans to rename Silicon Valley Bank UK as profits soar

HSBC boss Noel Quinn laid out a fresh vision for the development of SVB UK after it bought the beleaguered bank for £1 in March.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

HSBC rules out banking crisis as profits triple after Silicon Valley Bank deal

Failure of four banks in six weeks is purely a sign of poor risk management, says chief executive

The Guardian - UK

Sportswear brand Castore eyes sales of $250m after new kit deals fuel expansion

Castore's shareholders include Andy Murray and the billionaire Issa brothers

Birmingham Post

UK house prices rise after seven months of falls; Uber revenues jump; eurozone inflation rises to 7% – as it happened

Nationwide reports that UK house prices shows ‘signs of stabilisation’ in April, rising unexpectedly by 0.5%

The Guardian - UK

FTSE 100 Live: FCA unveils new rules to make London listings more attractive

The FTSE 100 index today regained lost ground during a busy session for blue-chip updates.

Evening Standard

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Full list of 76 bank branches that will shut FOREVER this month including HSBC, Halifax & TSB

According to Which? since 2015 over 5,500 bank and building society branches have shut their doors as more people shift to online services to manage their money

Daily Mirror

How war in Taiwan could mean the wheels come off the UK economy

Microchips are an issue, of course, but China also makes the alloy wheels our cars mostly roll on. And what about TikTok?

The Guardian - UK

Nationwide, Barclays, HSBC, Santander: Best and worst banks based on switches this year

The latest current account switch data is in from Pay.UK - but where are people switching to, and which banks are being ditched? See the full list below and tell us what you think

Daily Mirror

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

Financial Times

Full list of all banks closing in the North East this year - including The Galleries, Washington

Latest closures announced by Barclays means there will be a total of 15 banks closing in the North East this year so far

Chronicle Live

Great-gran scammed out of £21k gets cash back after daughter hears radio ad

Dorothy Baker, 81, was duped out of money by sophisticated fraudsters as she payed 'postage' for the 'coronavirus test' which never arrived.

Daily Record

Allowing Silicon Valley Bank UK to fail would have caused domino effect, FCA suggests

Regulator’s chief executive, Nikhil Rathi, outlines to MPs what led to HSBC’s takeover of the bank for just £1

The Guardian - UK

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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.

Daily Mirror

Great-gran scammed out of £21k gets money back after daughter happens to hear radio ad

Dorothy Baker, 81, was duped out of money by sophisticated fraudsters as she payed 'postage' for a supposed coronavirus 'test' which never arrived - bu

Nottingham Post

Nottingham grandma loses £21,000 in fake Covid warning message scam

She payed for 'postage' but the test never arrived

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.

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The Guardian - UK

Banks line up to reassure investors as season of turbulence subsides

First-quarter results for the UK’s big four will vary by exposure to volatile markets, but the boost from high interest rates won’t last

The Street

Nvidia Jumps $329 Billion in Less than Four Months

The company has emerged as a leader in artificial intelligence.

The Street

Nvidia's $329 Billion Surge Helped By Artificial Intelligence

Nvidia could emerge to be a leader in artificial intelligence as its market cap rebounds.

The Guardian - UK

HSBC shareholders urged to vote against break-up of business

Bank warns spinning off more profitable Asia business would be complex and would lower dividends

The Conversation

Tax optimisation: when the banking sector challenges the spirit of fiscal law

On March the 28, 2023, in Paris, the offices of five major banks – BNP Paribas, Société Générale, Natixis, HSBC and Exane (a subsidiary of BNP Paribas)- - were raided as part of preliminary investigations opened in 2021 for suspected tax fraud and tax laundering. These investigations, ordered by the…

AFP

HSBC urges shareholders to vote against proposed split

London (AFP) - Bank giant HSBC on Wednesday reached out to shareholders, urging them to vote down a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business.

Manchester Evening News

Halifax, HSBC, Santander and Lloyds customers urged to check mobile banking app before every food shop as inflation drops

A 30-second check on your phone could save money as food prices continue to soar

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