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The Latest Breaking News from HSBC

Hong Kongers fleeing China’s crackdown denied pension savings

Activist group estimates Hong Kongers in the UK are unable to access $2.8bn in retirement savings.

Al Jazeera

Bankers' pay is booming in Saudi Arabia

DUBAI: Even as the global financial community contends with layoffs and lower bonuses, banking jobs remain plentiful and salaries are surging in one unexpected corner of the world: Saudi Arabia.

Bangkok Post

Labour criticised for giving global banks access to parliament

Exclusive: HSBC and NatWest staffers seconded to shadow business secretary Jonathan Reynolds’s team

The Guardian - UK

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HSBC management claims victory as Ping An finds little support for pro-breakup resolution

The insurance group calling for a split found few allies willing to join its side on the vote

Evening Standard

HSBC investors reject plan to split bank in meeting disrupted by climate protest

Majority of shareholders reject proposal to spin off Asian operations, after hour of disruption from campaigners

The Guardian - UK

Filipino activists appeal to British banks over region devastated by oil spill

Environmentalists from the Philippines urge investors to avoid LNG projects which they say threaten the Verde Island Passage

The Guardian - UK

Full list of 76 bank branches closing this month - including HSBC, TSB, Halifax, Barclays and NatWest

Banks are opting to shut down large chunks of their branches as they begin to move focus towards online banking

Manchester Evening News

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Edinburgh and East Lothian branches among 13 bank closures across Scotland

Both the Bank of Scotland and the Royal Bank of Scotland are set to close branches in the capital or East Lothian. Around 13 banks will close physical stores in Scotland this summer.

Edinburgh Live

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 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

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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Daily Mirror

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

The Guardian - UK

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?

Daily Mirror

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

Financial Times

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

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Chronicle Live

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

Daily Record

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.

The Guardian - UK

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 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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