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The Latest Breaking News from HSBC

Nationwide are offering £1,200 cost of living bonus to thousands of workers

The company is the latest to give employees an extra payment amid soaring energy costs and inflation.

Daily Record

Thousands of Nationwide workers to get £1,200 cost of living bonus from October

Nationwide is the latest large employer to offer its workers a payment to support households as costs soar- find out who is entitled and what other companies are offering similar payments

Daily Mirror

Benzinga Before The Bell: iPhone 14 Might Be Costlier, Coinbase Face Another SEC Probe, Binance Sees Crypto User Growth And Other Top Financial Stories Thursday, August 11

Reuters Binance Says Worldwide Inflation Is Driving Crypto User Growth

Benzinga

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

Ping An insists splitting HSBC would increase bank’s value

The Chinese shareholder has accused HSBC executives of exaggerating the downfalls of separating off the Asian business

The Guardian - UK

Martin Lewis shares how to get £160 free amid cost of living crisis

MoneySavingExpert co-founder Martin Lewis has shared how people can get up to £160 free from banks as the cost of living crisis continues to worsen for people across Scotland

Edinburgh Live

Why do UK banks seem so optimistic despite the cost of living crisis?

Analysis: High street lenders have shrugged off their concerns, announcing payouts for investors

The Guardian - UK

HSBC follows Lloyds and Barclays and is giving some staff members £1,500

The cost of living payment comes at a time when bills are skyrocketing for UK households

Manchester Evening News

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HSBC to give £1,500 cost of living bonus to lowest-paid workers to help with rising bills

The bank has joined a list of businesses that are offering one-off bonuses to help support their staff during the cost of living crisis as inflation hits 40-year record highs

Daily Mirror

Benzinga Before The Bell: Alibaba's Delisting Concerns, Amgen's Potential $10.7B Tax Bill, Kenya Will Not Shut Facebook Services And Other Top Financial Stories Monday, August 1

CNBC

Benzinga

HSBC gives £1,500 to lowest-paid workers but says job cuts are 'inevitable'

The money will land in August pay packets

Wales Online

HSBC boss hits back at calls for breakup of business from investor

Noel Quinn says such a move would come with ‘material costs’ and ‘high risk of failure’

The Guardian - UK

HSBC sets course for return to quarterly dividend payments

The London-listed giant, which earns much of its revenue in Asia, has faced calls from investors for it to be broken up

Evening Standard

FTSE 100 Live: HSBC resists break-up call as Q2 profits surge

Break-up calls were resisted by HSBC today as the banking giant sought to win over shareholders with a big increase in dividend payments.

Evening Standard

Pound signs blind politicians to the flaws of financial titans

City Voices: David Cameron and others were far too eager to advance the bankers

Evening Standard

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Liverpool Echo

HSBC issues warning to anyone who receives 'phone call from Amazon'

The bank claimed there has been a rise in fraudsters impersonating the company

The Independent UK

Banks far from hitting Paris climate targets, groups warn

Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report warns

Glasgow Live

Urgent cost of living scam warning as victims lose thousands of pounds

HSBC and the UK's leading fraud prevention service have both urgently warned the public about new scams amid the worsening cost of living crisis — with victims losing thousands of pounds

Daily Record

New cost of living scam could empty your bank account and harvest your personal details

Criminals are taking advantage of the mounting financial pressure being put on households.

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Liverpool Echo

Customer warning as Lloyds, Natwest, HSBC, Barclays, Metro Bank breach regulations

The Competition and Markets Authority (CMA) said Lloyds, NatWest, HSBC, Barclays, Metro Bank and Bank of Ireland all breached regulations

The Independent UK

Bank reveals three most common scams

HSBC UK is warning that ‘sky-high’ living costs could push people towards fraudsters’ promises of high returns .

The Independent UK

Six banks break rules on giving customers correct information

The Competition and Markets Authority said Lloyds, NatWest, HSBC, Barclays, Metro Bank and Bank of Ireland all breached the regulations.

Wales Online

Six high street banks broke strict competition rules and 'let customers down'

Bank of Ireland, Barclays, HSBC, Lloyds Banking Group, Metro Bank and NatWest will make changes, the Competition and Marketing Authority said

Benzinga

This Is What Whales Are Betting On HSBC Holdings

Someone with a lot of money to spend has taken a bearish stance on HSBC Holdings (NYSE:HSBC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Liverpool Echo

Martin Lewis issues five day warning over £170 free cash trick

Bank customers can get their hands on a huge cash incentive but they need to act quickly

Daily Mirror

Barclays, HSBC, Lloyds and more closing 90 bank branches in WEEKS - see full list

The UK is losing high street banks at an alarming rate, with dozens of Barclays, Lloyds, HSBC, Bank of Scotland, Halifax and Nationwide outlets set to close within just a few weeks

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