The Latest Breaking News from HSBC

Higher interest rates help HSBC to more than double profits

Bank criticised by MPs for being too slow to reward savers as it announces 15% rise in net interest income and $3bn share buyback

The Guardian - UK · Oct 30, 2023

HSBC gives $3bn boost to investors as profits double

HSBC saw profits in the third quarter more than double to $7.7 billion thanks to higher interest rates, figures likely to lead to fresh calls for banks to boost savings rates.

Evening Standard · Oct 30, 2023

Stocks Settle Mixed as Bond Yields Decline

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.30%. Stocks on Monday settled mixed, with the S&P...

Barchart · Oct 23, 2023

Bank CEOs set the tone from the top when it comes to risky behaviour — new research

Metro Bank positioned itself as “a fresh start to banking” when it launched in the wake of the 2008 global financial crisis. It was set up in 2010 as a challenger to the “big five” banks dominating the UK market post-crisis: HSBC, NatWest, Lloyds, Barclays and Santander.

The Conversation · Oct 12, 2023

‘I lost £240,000’: UK fraud victims share their stories

Scammers stole more than £1.2bn from UK consumers in 2022. We speak to victims of fraud – and give tips to avoid being duped

The Guardian - UK · Oct 7, 2023

Six high-street banks given ‘red’ warning over eco policies, Which? reveals

JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were criticised by the consumer champion.

The Independent UK · Oct 5, 2023

Chase crypto ban unlikely to be copied by UK rival banks, lawyer says

The outright ban by JP Morgan’s consumer bank Chase was a ‘brave call’ unlikely to be echoed by high street banks.

The Independent UK · Oct 1, 2023

Mild, Medium & Hot: 3 Unusually Active Option Plays for Thursday

The markets are bouncing between positive and negative territory early in September's penultimate trading day. Barring a massive move today or Friday, the S&P 500 will finish the month significantly lower than it started.

Barchart · Sep 28, 2023

Stock Index Futures Plunge as Investors Weigh Interest Rate Outlook

December S&P 500 futures (ESZ23) are down -0.40%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.53% this morning as market participants continued to price in an extended period of elevated interest rates.

Barchart · Sep 26, 2023

Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets

Exclusive: Pan-European investigation looked at thousands of transactions since Paris climate agreement in 2016

The Guardian - UK · Sep 26, 2023