The Latest Breaking News from HSBC

Rolling coverage of the latest economic and financial news, as gold rises almost 1% today to $2,365 per ounce

Big-name tenants like HSBC, Clifford Chance and Moody’s recently announced plans to leave Canary Wharf for the City, but the US investment bank will not follow them

City experts predict that rate of price rises will hit BOE’s target in one or two months’ time

The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.63%. Stocks this morning are moderately higher, led by strength in technology stocks. Alphabet...

The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.00%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.67%. Stocks this morning are moderately higher, led by strength in technology stocks. Alphabet...

Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production

Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers

City Comment: SVB UK had an intimate knowledge of the British startup scene. It mustn’t lose sight of that.

When HSBC acquired the UK arm of the collapsed Silicon Valley Bank last year, boss Noel Quinn talked up the importance of preserving its operational independence. The firm would keep its own separate office across town and staff would not be ferried into Canary Wharf. “It’s a unit we purchased and we want…