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The Latest Breaking News from HSBC

HSBC buys UK arm of Silicon Valley Bank

Deal is huge relief to UK tech sector, as many as 30% of whom had accounts with SVB

Evening Standard

Jeremy Hunt announces sale of Silicon Valley Bank to HSBC in rescue package

Over the weekend the Chancellor said there was a 'serious risk' to the UK's technology and life sciences sectors as a result of the collapse of Silicon Valley Bank.

Daily Mirror

HSBC to buy Silicon Valley Bank UK for £1 in rescue deal

Takeover arranged by government is likely to save British startups from big losses after US bank’s collapse

The Guardian - UK

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Cruel woman stole £2,000 from her grandma after she was diagnosed with dementia

Gemma Jones stole £2,746 from her grandmother Gwynfa Jones days after the elderly woman moved into a care home. She spent the money on clothing, household items, rent, and takeaways, a court heard

Daily Mirror

Cruel woman stole £2,000 from her own grandmother after she was diagnosed with dementia

Gemma Jones, 31, of Bridgend, used the money she defrauded from her grandmother Gwynfa Jones to buy clothes, household items, and fast food

Wales Online

Fraud warning issued to Santander, NatWest, Barclays and other banking customers

With the "abundance" of phishing scams currently in circulation looking to steal bank details and other personal information, the number of victims will likely increase

Daily Mirror

Santander, Natwest, Barclays, HSBC and Halifax fraud alert issued

Five banks were highlighted

Nottingham Post

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Our 2023 Welsh export champions with global reach

Here we feature firms across Wales, from tech to food and drink, that are driving impressive export growth

Birmingham Post

Watch: Sisters Nelly Korda, Jessica Korda talk about their sporting idols, the role mom plays and why they chose golf in HSBC interview

Get to know a little bit more about the Korda sisters.

USA Today Sports Media Group

Jin Young Ko calls victory over Nelly Korda in Singapore the most important of her career; Danielle Kang buys beer to thank HSBC grounds crew and volunteers

When it was over, she doubled over on the final green as the tears poured out.

USA Today Sports Media Group

Danielle Kang thanks Scotty Cameron for her ‘DK Special’ putter as she races to top in Singapore after 63 at HSBC

“I think it took days for him to make these molds."

USA Today Sports Media Group

Why must big City firms always fall for scams like FTX?

THERE must be some very awkward meetings taking place across the City and Wall Street right now. The sort of encounters where people bang tables and demand explanations, where they look at PowerPoints and Excels, and gasp.

Evening Standard

Savings: Britons can switch to get up to 7% after interest rate rises

Loyal bank customers are not necessarily rewarded, so shop around for a better-paying account

The Guardian - UK

LPGA: HSBC Women’s Champions celebrates 15 years of star-studded champions, Jessica Korda turns 30 and Brooke Henderson reunites with lost luggage

Jin Young Ko was a on mission to find a good egg tart in Singapore.

USA Today Sports Media Group

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Evening Standard

OPINION - Signs of green shoots for our economy? Sadly, I don’t think they exist

For those of a certain maturity, the Nineties offered mixed messages. The overthrow of Margaret Thatcher, the ERM debacle and the humiliation by elements in his own party of John Major were all associated with enduring economic misery. The arrival in 1997 of Tony Blair and Gordon Brown, the independence…

The Guardian - UK

If UK wages are going down, why aren’t rent, food and energy prices coming down too?

Many British companies make their profits outside the UK or provide services so essential they know the government will step in to cover consumer bills, says economic geography professor Brett Christophers

The National (Scotland)

Major bank predicts 'mild recession' as bankers' bonus pot swells to five-year high

ONE of the country’s biggest banks is steeled for a “mild recession” in the coming months as house prices are predicted to fall amid continued…

Wales Online

Lloyds says UK will have 'mild' recession but house prices will tumble

The banking giant said it had already seen an increase in the number of people defaulting on their mortgages

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news in one place.

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The Guardian - UK

Disabled daughter lost £2,449 in Santander bank switch

She was woken up by an Apple Pay alert to discover the money had disappeared

The Guardian - UK

Big banks are raking in billions, and we all pay the price – time for a new windfall tax

Rises in interest rates are driving unemployment, low wages and poverty while the banks cash in, says campaigner Fran Boait

The Guardian - UK

HSBC quarterly profits more than double after interest rate rises

Bank increases CEO’s bonus and plans bigger shareholder payout as it faces pressure from investor Ping An

Evening Standard

Profits jump at HSBC as it moves to fend off break-up calls from China

HSBC today moved to fend off pressure from one of its biggest shareholders to break up the group and return chunks of cash to investors.

Evening Standard

FTSE 100 Live: HSBC Q4 profits surge, public finances boosted, private sector returns to growth

Banking giant HSBC today revealed its profits jumped 90% to $5.2 billion (£4.3 billion) in the final three months of 2022.

Wales Online

HSBC’s pre-tax profits dip slightly though hopes remain high for 2023

The banking group’s reported profit fell by 1.4 billion US dollars (£1.16 billion) to 17.5 billion dollars (£14.5 billion)

Birmingham Post

Gateshead firm iPac creates 100% recyclable packaging with £4.2m funding deal

The family firm is launching two new products and creating new jobs on the back of the HSBC deal

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