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....Sometimes the long-term interests of society must be able to trump the short-term interests of here-today-gone-tomorrow shareholders. Mark Tucker has six months to write his to-do list in preparation for becoming chairman of HSBC. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:00 AM
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....Britain’s high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, the Guardian can reveal. HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are among 17 banks based in the UK, or with branches here, that are facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers. ... [Read full article on Guardian ]
Monday 20th of March 2017 06:00:24 PM
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.... Google executives apologised but were told to come back to the Cabinet Office this week with a plan and a timetable to remedy the problem. The decision by Vodafone, Sky, HSBC, Lloyds and Royal Bank of Scotland to suspend their ads, or review whether to do so, follows action last week by other brands. ... [Read full article on Guardian ]
Sunday 19th of March 2017 03:24:45 PM
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....And on Monday M&S joined a growing list of firms to suspend their advertising from both Google's search engine and YouTube site. Others include McDonald's, HSBC, Lloyds, the BBC, Channel 4 and the Guardian. ... [Read full article on BBC ]
Monday 20th of March 2017 10:09:41 AM
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....Despite having 2,900 employees in the building, he speaks to both the receptionist and a server in the cafe by name. This weekend marks the end of his first month in the job, which he got two years after joining First Direct's parent company, HSBC. ... [Read full article on BBC ]
Friday 17th of March 2017 10:00:40 PM
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....Other banks have also warned that roles will have to go as a result of Brexit. HSBCboss Stuart Gulliver has said 1,000 roles will move to Paris in about two years, when Brexit becomes effective. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 05:26:34 PM
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....It is not yet clear whether the new measures go far enough to reassure advertisers. Tesco, Toyota and Volkswagen became the latest major brands to suspend advertising, joining the BBC, L’Oréal, HSBC, Royal Bank of Scotland, Lloyds, Audi, Channel 4 and the Guardian on a list that now features some 250 firms. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 09:48:57 AM
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....The City of London has a "long history" as a financial centre, which will be difficult for European cities like Frankfurt to challenge, Andrew Wilson, the regional boss of Goldman Sachs Asset Management, told the BBC. Earlier this year, HSBC and UBS confirmed that some staff would definitely have to move abroad when the UK left the EU. ... [Read full article on BBC ]
Tuesday 21st of March 2017 03:00:44 PM
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....Marks & Spencer became the latest company to pull advertising from Google on Monday, adding its name to a growing list that includes government departments, major advertising agencies and well-known companies. McDonald’s, the BBC, L’Oréal, HSBC, Royal Bank of Scotland, Lloyds, the Guardian, Audi and Channel 4 are among the firms to suspend advertising. ... [Read full article on Guardian ]
Monday 20th of March 2017 12:23:08 PM
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....Documents seen by the Guardian show British-registered firms played a prominent role in the money laundering network – and the UK’s high street banks processed almost $740m from the operation without turning back any of the payments. HSBC processed $545. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:33:29 PM
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Latest Finance News related to HSBC

Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
....Documents seen by the Guardian show British-registered firms played a prominent role in the money laundering network – and the UK’s high street banks processed almost $740m from the operation without turning back any of the payments. HSBC processed $545. ...
Goldman Sachs to move hundreds of staff out of London due to Brexit image
Source : Guardian [Read Article] Tuesday 21st of March 2017 05:26:34 PM
....Other banks have also warned that roles will have to go as a result of Brexit. HSBCboss Stuart Gulliver has said 1,000 roles will move to Paris in about two years, when Brexit becomes effective. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... So much, that he couldn’t quite remember any of it. The shadow chancellor, John McDonnell, began by accusing Kirby of complacency – this was harsh; Kirby might be stupid, but that doesn’t necessarily make him complacent – before going on to point out that, of the banks implicated in the scandal, HSBC had form, RBS was three-quarters owned by the government and Barclays had been involved in Libor rigging. ...
Goldman Sachs to expand EU presence ahead of Brexit image
Source : BBC [Read Article] Tuesday 21st of March 2017 03:00:44 PM
....The City of London has a "long history" as a financial centre, which will be difficult for European cities like Frankfurt to challenge, Andrew Wilson, the regional boss of Goldman Sachs Asset Management, told the BBC. Earlier this year, HSBC and UBS confirmed that some staff would definitely have to move abroad when the UK left the EU. ...
Google to overhaul advertising policies after growing boycott image
Source : Guardian [Read Article] Tuesday 21st of March 2017 09:48:57 AM
....It is not yet clear whether the new measures go far enough to reassure advertisers. Tesco, Toyota and Volkswagen became the latest major brands to suspend advertising, joining the BBC, L’Oréal, HSBC, Royal Bank of Scotland, Lloyds, Audi, Channel 4 and the Guardian on a list that now features some 250 firms. ...
British banks handled vast sums of laundered Russian money image
Source : Guardian [Read Article] Monday 20th of March 2017 06:00:24 PM
....Britain’s high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, the Guardian can reveal. HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are among 17 banks based in the UK, or with branches here, that are facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers. ...
Head of Google Europe apologises over ads on extremist content image
Source : Guardian [Read Article] Monday 20th of March 2017 12:23:08 PM
....Marks & Spencer became the latest company to pull advertising from Google on Monday, adding its name to a growing list that includes government departments, major advertising agencies and well-known companies. McDonald’s, the BBC, L’Oréal, HSBC, Royal Bank of Scotland, Lloyds, the Guardian, Audi and Channel 4 are among the firms to suspend advertising. ...
Google apologises after ads appear next to extremist content image
Source : BBC [Read Article] Monday 20th of March 2017 10:09:41 AM
....And on Monday M&S joined a growing list of firms to suspend their advertising from both Google's search engine and YouTube site. Others include McDonald's, HSBC, Lloyds, the BBC, Channel 4 and the Guardian. ...
Google braces for questions as more big-name firms pull adverts image
Source : Guardian [Read Article] Sunday 19th of March 2017 03:24:45 PM
.... Google executives apologised but were told to come back to the Cabinet Office this week with a plan and a timetable to remedy the problem. The decision by Vodafone, Sky, HSBC, Lloyds and Royal Bank of Scotland to suspend their ads, or review whether to do so, follows action last week by other brands. ...
Unilever is safe, but we need better defences against short-term capitalism image
....Sometimes the long-term interests of society must be able to trump the short-term interests of here-today-gone-tomorrow shareholders. Mark Tucker has six months to write his to-do list in preparation for becoming chairman of HSBC. ...
Any old Joe image
Source : BBC [Read Article] Friday 17th of March 2017 10:00:40 PM
....Despite having 2,900 employees in the building, he speaks to both the receptionist and a server in the cafe by name. This weekend marks the end of his first month in the job, which he got two years after joining First Direct's parent company, HSBC. ...
MORTGAGE RATE WAR: New 0.99 per cent deal gives boost to home buyers as market shakes up image
....However, the mortgage comes with a relatively high fee of £1,495, highlighting the importance for borrowers to calculate overall cost of a loan including repayment costs and added fees. At the same time, HSBC has dropped the rate of its five-year fixed rate mortgage to 1. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
. Britain is a nation of vodka drinkers who wear Nike, prefer to gamble at Ladbrokes and don’t realise Brexit will make life more expensive, according to a consumer survey by HSBC. ...
Rolls-Royce calls its first staff AGM image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:02:59 PM
.... Those employees who own shares are already able to attend the shareholder AGM on 4 May. The process is being overseen by the former HSBC banker Irene Dorner, who is a non-executive director at Rolls-Royce, and the logistics are yet to be finalised. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....On 7 February he was handed £51,000 for a three-hour speech to the Flanders chamber of commerce in Antwerp, Belgium, when parliament was debating Brexit and article 50. On 18 January he collected a further £51,829 for a two-hour speech to HSBC’s top clients at Davos, where he was pictured socialising with George and Amal Clooney. ...
UK economy cooling after post-Brexit vote growth, surveys show image
Source : Guardian [Read Article] Friday 3rd of March 2017 11:12:26 AM
....“Business confidence nonetheless remained strong, with service providers indicating that optimism was little changed from the post-referendum high recorded at the start of this year,” it said. Simon Wells, chief European economist at HSBC, said: “Against a backdrop of wage growth rising only slowly, the sharp rise in inflation resulting from the oil price rise and sterling depreciation over the past year or so is weighing on consumer finances and spending power. ...
PPI claims deadline is announced image
Source : BBC [Read Article] Thursday 2nd of March 2017 07:21:58 AM
....". The biggest five banks - Lloyds, Barclays, RBS, HSBC and Santander - have collectively set aside more than £35bn to cover the cost overall, but the bill for the industry could have been much higher. ...
London's 'Cheesegrater' sold to Chinese tycoon for more than £1bn image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:51:54 PM
....The developer behind the 224 metre tower, British Land, and its joint venture partner Oxford Properties, the global property arm of a Canadian pension fund, have sold the landmark building to CC Land, a Hong Kong-listed company controlled by Cheung Chung-kiu. The deal is the biggest sale of a single building in the UK since 2014, when the HSBC tower in Canary Wharf was sold to Qatar’s sovereign wealth fund for £1. ...
Payday loans complaints rise 22% despite FCA clampdown image
Source : Guardian [Read Article] Tuesday 28th of February 2017 06:01:20 AM
....The average “uphold rate” over the six-month period, where the ombudsman finds in favour of the consumer, was 42%. Coventry building society had the lowest uphold rate at 6%, while HFC Bank, a subsidiary of HSBC, had the highest at 87%. ...
PPI still dominates financial ombudsman's in-tray image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:14:54 AM
....Top of the list in the last half of 2016 was the Bank of Scotland, which is part of the Lloyds banking group, with nearly 20,000 new complaints against it. It was followed by Lloyds bank itself, Barclays, HSBC, NatWest, the credit card firms Capital One and MBNA, Santander and the Nationwide building society. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
....3, with a number of firms falling after going ex-dividend. Easyjet, Rio Tinto and HSBC were the biggest fallers after their shares no longer carried the right to their latest dividend. ...
Avoid sky-high costs and charges to get the most out of your investments image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 12:01:00 AM
....Active Fightback. That appeared to steal the argument in favour of trackers, but Patrick Connolly, certified financial planner at Chase de Vere, has produced new research showing that over the past decade, leading tracker funds from BlackRock, Fidelity, HSBC and Legal & General have consistently produced below average performance. ...
Savers told to vote with their feet for best deals, says finance expert image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 12:01:00 AM
....1billion of deposits from more than 60,000 savers since launching in June 2015. The big banks are still struggling to overcome the financial crisis, with HSBC posting disappointing results yesterday as write-downs hit the bank’s earnings. ...
Business rates: this toxic row will return unless we find a fairer alternative | Nils Pratley image
.... But a better-designed system that takes account of the changing make-up of the economy must be better than an approach that feels unfair because successive governments have lacked the will to attempt improvement. Congratulations if you bought shares in HSBC this time last year: your investment has risen in value by 50%. ...
Losing banking jobs to EU 'threatens financial stability across Europe' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....While the immediate loss of a few thousand jobs is viewed with relative equanimity, concern is mounting over the knock-on effect on financial stability if the City’s valuable related professions begin to fragment. Douglas Flint, the chairman of HSBC, Britain’s biggest bank, said common regulation needed to be agreed with the remaining 27 EU members once Brexit talks got under way or there was a risk of sparking turbulence in the financial system. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
. Britain’s major banks will be in the spotlight this week as they unveil their full year figures, with Royal Bank of Scotland forecast to make losses of more than £6bn and HSBC expected to face questions about a boardroom overhaul. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
.... In advance of the bank reporting season, share prices have been boosted by hopes that higher rates will boost margins, while the prospect of Trump-inspired economic growth and a relaxation of regulations has also given support to the sector. HSBC is the first UK bank to report its 2016 figures, and with much of its business overseas it has been helped by the slide in sterling since the Brexit vote. ...
Co-op Bank faces struggle to find owner with ethics – and deep pockets image
Source : Guardian [Read Article] Saturday 18th of February 2017 04:00:05 PM
....The Co-op brand might go with the current accounts, but could equally be sold to another buyer who pledges to retain the ethical stance. Whatever the outcome, though, it is very different to 2012 when, together with the TSB branches, the Co-op was expected to create a 1,000-strong high street force to take on the big four of Lloyds Banking Group, HSBC, Barclays and RBS. ...
It’s all talk at Santander as voice recognition banking begins image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
.... The bank’s smartphone app also allows customers to see their recent transactions and report a lost card, just by talking to their phone. Unlike HSBC and Barclays, which use voice biometrics to establish the identity of customers calling customer services, Santander users will still have to log in to the app using their passwords, but once they have done so they can start barking out transactions over their phone. ...
New mortgage helps buyers meet Stamp Duty costs  image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:01:00 AM
.... . HSBC also has a no-fee mortgage fixed for five years at 2. ...
The Co-op Bank is the new Bradford & Bingley image
Source : Guardian [Read Article] Monday 13th of February 2017 02:34:40 PM
.... On moneysavingexpert. com’s best bank accounts list, you’ll see Nationwide, TSB, HSBC, First Direct, Santander and NatWest but no Co-op. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
.... Last year as he wrote to staff apologise for revelations about his private life and the damage they caused to the group’s reputation, he pledged his commitment to the role. But the taxpayer’s exit may spark talk of his now leaving - he has been linked with top jobs at HSBC and Italy’s Unicredit or even a political career in his native Portugal. ...
Sub-prime cars: are car loans driving us towards the next financial crash? image
Source : Guardian [Read Article] Friday 10th of February 2017 03:29:36 PM
.... For example, a £1. 3bn securitised package of UK loans issued by PSA Finance, an arm of Peugeot cars, included HSBC, Lloyds, San Francisco-based Wells Fargo and France’s BNP Paribas. ...
Church of England: we'll vote to block excessive boardroom pay deals image
Source : Guardian [Read Article] Tuesday 7th of February 2017 05:31:51 PM
....”. The Church Commissioners’ largest stakes are in banking groups such as Lloyds and HSBC, supermarket group Tesco and pharmaceutical company AstraZeneca. ...
Paris steps up drive to woo London bankers uprooted by Brexit image
Source : Guardian [Read Article] Monday 6th of February 2017 04:04:18 PM
....Employers were told that French labour laws were less strict than was commonly perceived and were presented with a series of charts boasting of lower severance payments than in Britain and redundancy totals in line with Germany. The organisers refused to release the names of any firms, other than HSBC, who were discussing moving jobs to Paris, saying many were waiting until after the French presidential election to firm up their decisions and go public. ...
War of convenience as supermarket chains take on small stores image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
....But analysts reckon suppliers of own-label products to the supermarkets will be quite comfortable with the deal. Damian McNeela at HSBC says: “It may mean incremental volumes for them as most aren’t supplying Booker at the moment. ...
Brum rush: Birmingham becomes tourist hotspot image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:05:07 AM
....Deutsche Bank opened a Birmingham office 10 years ago and now employs 1,200 people, including corporate bankers and wealth managers. This year HSBC will return its retail bank’s head office to the founding city of Midland Bank, which it bought in 1992. ...
Banks’ duty to provide free ATMs and keep branches open | Letters image
Source : Guardian [Read Article] Tuesday 31st of January 2017 07:55:37 PM
....John McFall House of Lords. • When the chairman of HSBC, Douglas Flint, appeared before the Treasury select committee back in 2015 to face questions on the bank’s activities, he admitted his shame at “a terrible list”. ...
Young people optimistic about economy despite Brexit, says study image
Source : Guardian [Read Article] Monday 30th of January 2017 07:00:46 AM
....The findings come as the Bank of England is expected to upgrade growth forecasts for the second time in three months on Thursday as the UK economy continues to defy expectations of a sharp Brexit slowdown. Analysts at HSBC said the Bank’s growth forecasts were likely to rise to 1. ...
Brexit has allowed the banks to get off Britain's naughty step image
Source : Guardian [Read Article] Sunday 29th of January 2017 04:00:28 PM
.... The recession that the banks caused and the austerity that resulted created the sense of “them and us” – the notion of an unbalanced and unequal Britain – that led to Brexit. Contrast that mood with today when there are daily bulletins about when and under what circumstances HSBC might move 1,000 jobs out of the City to other European capitals, and constant demands that the government secures passporting rights to allow UK authorised institutions to operate freely across the EU27. ...
Pokémon Go and no sign of stopping: Apple’s App Store sales boom image
Source : Guardian [Read Article] Saturday 28th of January 2017 03:59:04 PM
....7bn deal. While Apple does not make money directly from the likes of Uber, Ladbrokes or HSBC having apps on its phones, it wants to ensure it is integral to businesses’ digital strategies as employees and consumers increasingly go mobile. ...
Whistleblower wins out over HSBC charges; plus, Sky ditches the dishes image
Source : Guardian [Read Article] Thursday 26th of January 2017 02:25:22 PM
....Link ATMs: last-ditch bid to keep cash machines free. HSBC to close 62 more branches this year, blaming online banking. ...
Yorkshire building society to close 48 branches and ditch current accounts image
Source : Guardian [Read Article] Wednesday 25th of January 2017 04:06:52 PM
....Yorkshire building society is closing 48 branches in a move it partly blamed on “an increasing desire among customers to transact digitally rather than on the high street”. The announcement came 24 hours after HSBC said it would be shutting another 62 branches this year, on top of 55 already earmarked for closure. ...
Citigroup plans new operations away from London after Brexit image
Source : Guardian [Read Article] Tuesday 24th of January 2017 07:49:23 PM
....As a result of its structure, Citi may face less disruption as a result of Brexit compared with other major employers. JP Morgan warned in the run to the referendum that 4,000 UK jobs are at risk, while HSBC has reiterated that it will have to shift 1,000 roles to Paris to retain access to certain business operations after the UK leaves the EU. ...
Post Office launches 'biggest expansion of face-to-face banking in a generation'  image
Source : Daily Express [Read Article] Tuesday 24th of January 2017 04:32:00 PM
.... The service allows customers to make cash withdrawals, cash and cheque deposits, as well as balance inquiries. It comes as HSBC today announced it's closing another 62 branches in 2017. ...
Broker-charge comparison website can save the average investor thousands of pounds image
....The site allows you to compare the cost of investing in a tax-free individual savings account (Isa), self-invested personal pension (Sipp) or standard trading account. It covers a range of brokers, including AJ Bell, Alliance Trust, Barclays, Bestinvest, Halifax, Hargreaves Lansdown, HSBC, Interactive Investor, Selftrade, TD Direct, The Share Centre and Willis Owen. ...
HSBC to close 62 more branches this year, blaming online banking image
Source : Guardian [Read Article] Tuesday 24th of January 2017 01:47:13 PM
. HSBC is to shut another 62 branches this year – on top of 55 already earmarked for closure – in a move it blames on customers increasingly conducting their banking through the internet and mobile phones. ...
Lloyds bank accounts targeted in huge cybercrime attack image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:20:26 PM
....Several other major British banks have been hit by service outages over the past two years when their systems were flooded with fake requests. In January last year, HSBC’s internet banking facility was made unavailable following a DOS attack, but no transactions were affected. ...
Globalisation once made the world go around. Is it about to grind to a halt? image
.... Consumers care more about whether the goods they can order online will be delivered the next day than where they are sourced from. Douglas Flint, chairman of HSBC, cited the example of the taxi app Uber as a disruptive technological change that was here to stay. ...
Buy, George? World's largest fund manager hires Osborne as adviser image
Source : Guardian [Read Article] Friday 20th of January 2017 04:53:41 PM
....“At the centre of our mission is helping people around the world save and invest for retirement, and George’s insights will help our clients achieve their goals,” said Fink, who was paid $26m last year. Both men have been attending the World Economic Forum in Davos, where Osborne has also been speaking at a number of events, including one for Britain’s biggest bank, HSBC. ...
Whistleblower wins 13-year campaign against HSBC image
Source : Guardian [Read Article] Friday 20th of January 2017 01:17:13 PM
. A lone whistleblower has won a 13-year “David and Goliath battle” against HSBC and Britain’s chief financial watchdog, resulting in a multimillion-pound compensation payout to thousands of people. ...
Banks are moving workers, inflation is up. Project Fear is coming true | Simon Jenkins image
.... They just got the timing wrong. This week two big banks, HSBC and UBS, honoured their threats, that Brexit would mean moving 2,500 banking jobs from London to Paris and Frankfurt. ...
Is the City of London going to hell in a Brexit handcart? image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:41:32 PM
....Is the City of London going to hell in a Brexit handcart? If you believe so, you might point to the growls from the bankers in Davos about shifting jobs to the continent. We could move 1,000 roles, says HSBC, with Paris the main beneficiary. ...
Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:15:50 PM
....The warning from Goldman came as other major City employers used the Davos summit in Switzerland to warn that jobs would have to be moved from London. HSBC’s chief executive, Stuart Gulliver, has reiterated that 1,000 roles will “move in about two years’ time, when Brexit becomes effective”, while the Swiss bank UBS has acknowledged that 1,000 of its 5,000 staff could shift, possibly to Frankfurt or Madrid. ...
UK inflation hits two-year high of 1.6% image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:13:33 AM
....But the bigger-than-expected pick up in prices will make the Bank’s task of setting interest rates tougher as it seeks to strike a balance between keeping inflation under control while providing enough support to jobs and economic growth. “With CPI inflation now within touching distance of the Bank of England’s 2% target, there will be mounting speculation that the Bank could raise rates,” said Elizabeth Martins, economist at the bank HSBC. ...
If the City vs Brussels is like a game of Jenga, it’s possible both sides could lose image
.... Who stands behind the European Central Bank? A collection of 27 national governments and taxpayers, which leaves plenty of room for disagreement in the event of a crisis along 2008-09 lines. The practical difficulties in shifting Europe’s financial centre explain why the Jenga analogy – used by HSBC chairman Douglas Flint and endorsed by Carney – is powerful. ...
‘I thought I’d bought my first home, but I lost £67,000 in a conveyancing scam’ image
.... His offer on the flat was accepted in April 2016 and, on the recommendation of his mortgage adviser, he appointed the Sethi Partnership as his conveyancing solicitors. On 29 September he transferred £45,000 from his Barclays account to his solicitor’s legitimate bank account at HSBC. ...
EU negotiator wants 'special' deal over access to City post-Brexit image
Source : Guardian [Read Article] Friday 13th of January 2017 07:15:54 PM
....On Friday, one the City’s most senior bankers welcomed growing recognition of the risk to the global financial system. “The industry and the regulatory community, and the political community, are fully aware of the importance of maintaining financial stability,” said Douglas Flint, chairman of HSBC, Europe’s largest bank. ...
Mark Carney signals Bank of England may raise forecast for UK economy image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:34:33 PM
.... I hope they are all listening,” said Tyrie. Carney agreed with the analogy made earlier this week by HSBC bank chief Douglas Flint that the risk posed by Brexit to the financial markets was like a Jenga tower in which it was difficult to know which pieces could be removed without endangering the structure. ...
Carney: Brexit risks now lower image
Source : BBC [Read Article] Wednesday 11th of January 2017 04:29:14 PM
....". Mr Carney agreed with the chairman of HSBC that the financial structure of the City was like a Jenga tower. ...
MPs hear call for five-year transitional Brexit deal image
Source : BBC [Read Article] Tuesday 10th of January 2017 01:35:55 PM
....The committee was hearing evidence about the UK's future economic relationship with the EU. Mr Rolet was speaking alongside Douglas Flint, the chairman of HSBC, and Elizabeth Corley, vice chair of Allianz Global Investors. ...
Hard Brexit threatens global financial system, City chiefs tell MPs image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:42:39 PM
....As Rolet called for a five-year transition period for the UK to exit the EU, MPs on the Treasury select committee were told the triggering of article 50 – the formal process initiating departure from the EU – in March could prompt banks to implement contingency plans to shift business out of London. “The ecosystem in London is a bit like a Jenga tower: you don’t know if you pull one small piece out whether nothing happens or whether it has a more dramatic impact,” said Douglas Flint, chairman of Britain’s biggest bank, HSBC. ...
Pound falls on May's Brexit comments image
Source : BBC [Read Article] Monday 9th of January 2017 11:15:35 AM
....Mr Wilson predicted "more volatility" in the sterling exchange rate, adding that it could easily "bounce back" as the tone of political discourse shifted. HSBC currency strategist Dominic Bunning agreed: "[Mrs] May saying that it's not about keeping 'bits' of the EU suggests it's not going to be about keeping access to the single market. ...
Murder, she wrote: the missing bankers thriller image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:00:11 AM
....The premise would be quite neat, of course, as she will be up in front of the Treasury select committee on Tuesday, to talk about the UK’s future economic relationship with the European Union. Corley’s appearance – along with HSBC chairman Douglas Flint and London Stock Exchange boss Xavier Rolet – comes as City firms hint that they are planning to shift loads of jobs to Europe in the wake of the UK’s Brexit vote (aka, seeing what concessions they can get out of the government). ...
How to get FREE £200: Bank accounts offering the best opening perks image
Source : Daily Express [Read Article] Saturday 7th of January 2017 05:08:00 PM
....Providers are offering hundreds of pounds in the hope of attracting new customers through the door - and amid ultra low interest rates, it's one way to generate some surplus money. Top of the list is HSBC, which offers £150 to new customers who move their banking to its Advance Bank Account, then another £50 after a year if you stay with the account. ...
Mastercard's Vocalink buyout questioned by CMA image
Source : BBC [Read Article] Wednesday 4th of January 2017 08:22:09 AM
....As well as the Link system, Vocalink also supplies Bacs, the automated clearing house which processes direct debits. Vocalink was owned by several major banks including Barclays, Lloyds and HSBC. ...
Paris lobby predicts City firms will make decision on moving within weeks image
....In the run-up to the 23 June referendum, banks warned they might have to move business in the event of a vote to leave. Paris was mentioned by Britain’s biggest bank, HSBC, which said it could shift 1,000 roles there. ...
Brexit: banks consider whether to start moving business out of UK image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 06:00:45 AM
.... Its main offices are Canary Wharf, Bournemouth and Glasgow. Britain’s biggest bank, HSBC, said it might need to shift about 1,000 staff to existing operations in Paris. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
....In his summer budget after the 2015 general election, the then chancellor George Osborne announced deep cuts to the bank levy, which was introduced after the financial crisis and charged according to the size of banks’ balance sheets. Big banks, including HSBC and Standard Chartered, which felt penalised by the levy, told him that they could move their headquarters outside the UK. ...
Deutsche Bank reaches $7.2bn settlement with US in mortgages case image
Source : Guardian [Read Article] Friday 23rd of December 2016 05:16:46 AM
....Credit Suisse Group is in late-stage negotiations and has resisted a demand by the agency that it pay between $5bn and $7bn over its sale of mortgage securities, sources have said. Royal Bank of Scotland, Wells Fargo, UBS and HSBC are also under investigation, according to company disclosures. ...

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