The Latest Breaking News from HSBC

HSBC announce major cost-cutting drive including job losses as pre-tax profits top £25bn

The UK’s largest bank announced a pre-tax profit of $32.3bn (£25.2bn)

The Independent UK · Feb 19, 2025

Best and Worst Banks Revealed – And Lloyds and NatWest Didn’t Make the Cut

The Competition and Markets Authority (CMA) has released its latest survey rankings, spotlighting the banks that are excelling and those that are falling short.

The Fashion Central · Feb 18, 2025

HSBC set to unveil bigger profits as cost-cutting overhaul in focus

Rivals Barclays and NatWest set the tone for the banking sector when they reported stronger earnings this week.

Evening Standard · Feb 14, 2025

HSBC down: Online banking and app not working in major outage

Outage comes after high-profile problems at banks across the high street

The Independent UK · Feb 11, 2025

Lewisham incident LIVE: Armed police lock down London high street in stand-off with knifeman

Police are at the scene alongside the London Ambulance Service

Evening Standard · Feb 10, 2025

MPs quiz bank bosses over scale of IT failures after Barclays outage

The Treasury Committee, a cross-party group formed of 11 members, wrote to banks including Barclays, HSBC, Lloyds and Nationwide on Monday.

Evening Standard · Feb 10, 2025

Will the bonus bubbly still flow as reality bites for British banks?

Job losses, shakeups and the motor finance commission scandal will cast a shadow over lenders when they start reporting results this week

The Guardian - UK · Feb 8, 2025

HSBC considering boosting new CEO’s pay package to £15m

Planned overhaul would see Georges Elhedery’s salary cut, with bonuses potentially raising maximum pay by 43%

The Guardian - UK · Feb 6, 2025

Firms raising prices ahead of trade tariff hikes, report finds

A poll of 1,500 businesses by HSBC found 39% of are increasing prices in anticipation of higher tariffs.

The Independent UK · Feb 6, 2025

HSBC Makes Global Rollbacks As It Scales Down Operations and Other Financial Services

The financial giant also noted that the move was aimed at simplifying its internal operations and focusing on its current key strengths.

International Business Times UK · Feb 1, 2025