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The Latest Breaking News from HSBC

HSBC to close 69 UK bank branches this year - the full list

The list of branches to close includes two in Manchester

Manchester Evening News

HSBC to close 69 stores with Merseyside branch affected

HSBC said it is closing branches because customers increasingly prefer online banking

Liverpool Echo

HSBC: Omagh and Derry branches to close in latest blow to high street

The branch’s closure in Omagh comes following the controversial decision by AIB to close their Omagh branch last year

Belfast Live

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HSBC announces 69 branch closures - including two in Scotland

The bank plans to offer affected communities banking 'pop-ups' and self-service machines

Insider UK

HSBC closing West Bridgford and Ilkeston banks alongside 67 others to shut

Around 400 staff will be affected by the closures

Nottingham Post

HSBC to close 69 more bank branches

The bank said it hopes to redeploy the roughly 400 staff working at the branches.

The Independent UK

Full List of HSBC branches to close as bank announces 69 UK sites will shut with 400 staff affected

The closures are expected to take place between July and October this year

Birmingham Post

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HSBC to close 69 bank branches with 400 jobs affected - see list of towns

The bank said it has to shut dozens of its branches due to more and more Brits doing online banking during the pandemic, leading to a 50% drop in footfall to its outlets

Daily Mirror

HSBC to close 69 branches across the UK - full list

The move will affect around 400 staff

Wales Online

Harworth Group seals new £200m finance facility amid plans to double in size

The new facility replaces its previous revolving credit facility with Natwest and Santander and sees HSBC also come on board

Birmingham Post

Royal Liver Building up for sale for only second time in its history

The building provides offices for major companies including Princes Foods, HSBC and Everton Football Club

Liverpool Echo

MPs’ pension fund drops Russian-linked investments in protest

Cross-party group expresses unease about the fund’s stake in HSBC which has held shares in Moscow’s oil and gas giants

The Guardian - UK

HSBC UK launches new online retirement calculator and shares five savings tips to maximise your money

Some 94% of retired women said they need up to £30,000 a year to fund their lifestyle.

Daily Record

British MPs urge global banks to close Russian offices ‘without delay’

Labour’s Margaret Hodge says banks including Deutsche Bank, HSBC, JP Morgan and Credit Suisse have ‘moral duty’ to exit quickly

The Guardian - UK

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Edinburgh Live

Edinburgh bank worker dodges jail after stealing £36k to fund gambling addiction

David Hay, from Leith, was employed as a financial investigator with HSBC when he cheated a group of pals out of the huge sum. He appeared at court in Edinburgh this week.

Daily Record

Scots bank worker behind £36k currency fraud to fund football gambling addiction dodges jail

Shamed David Hay, 42, swindled a group of pals out of the massive sum in a foreign currency scam to pay for his sports betting.

USA Today Sports Media Group

World No. 1 Jin Young Ko co-leads HSBC in Singapore, records 13th consecutive round in the 60s

With 13 consecutive rounds in the 60s, Jin Young Ko just one off the mark for most in a row – a record she already shares.

Reuters

U.S. lawmakers demand HSBC explain actions against Hong Kong activists, Americans

Influential U.S. lawmakers have demanded that one of the world's biggest banks, HSBC Holdings Plc, explain its actions in freezing accounts of Hong Kong pro-democracy activists, moves that could leave it liable to severe sanctions under U.S. law.

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Asharq Al-Awsat

Western Companies Head For the Exit in Russia as Sanctions Tighten

Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. The West has moved to punish Russia with a raft of…

The Guardian - UK

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

Benzinga

Inflation In These Sectors Could Slow Down The Recovery In Asian Economies

On CNBC, HSBC economist Frederic Neumann said increased prices in energy, commodities and agriculture products are a big headwind for Asia’s economies.

Insider UK

Denholm Seafoods boosts exports with eight-figure funding package

Money from HSBC and UK Export Finance should help with international expansion

Evening Standard

HSBC pay deals are just a reward for not screwing up

Comment: Not all boats are rising as economy recovers

Evening Standard

HSBC boss takes home £9 million as banker bonuses soar

HSBC’s bonus pot for top bankers jumped by a third to £2.6 billion while chief executive Noel Quinn took home £9 million it emerged today.

The Guardian - UK

HSBC boosts staff bonus pool by a third to £2.6bn as profits soar in Covid crisis

London-headquartered bank paid more than 451 of its staff £830,000 or more last year

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