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.... . But its sales growth slowed to 2% in 2016 compared with 7% in 2015 and 12% in 2014, analysts at HSBC noted last month. ... [Read full article on BBC ]
Monday 24th of April 2017 06:35:35 AM
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.... JP Morgan is considering buying office space in Dublin, and Citigroup has warned it may have to relocate “certain client-facing roles to the EU from the UK”. Goldman Sachs has warned that hundreds of roles could change, while HSBC could switch 1,000 investment banking jobs from London to Paris. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:03:42 PM
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.... . Both Mr Staley and the chairman of HSBC, Douglas Flint, said that contingency plans to deal with the passporting issue were close to being triggered. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:19:59 PM
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....In the FTSE 250, shares in transport group Stagecoach fell 2. 7% after HSBC cut its rating on the company to "reduce" from "hold". ... [Read full article on BBC ]
Friday 28th of April 2017 11:29:13 AM
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....Horta-Osório says he’s happy in his post and there is more to do. Not everybody is convinced by that answer, since six years counts as a long innings for a FTSE 100 chief executive and he’s constantly linked with the vacancy at HSBC. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:15:03 PM
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....Even some figures with long-stated concerns about the risks of leaving the single market welcomed recent political developments. “One hopes that after the election is over, the government has clarity of mandate and more capacity to negotiate,” said Douglas Flint, chairman of HSBC. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 11:14:03 PM
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Latest Finance News related to HSBC

Barclays pulls FTSE 100 lower image
Source : BBC [Read Article] Friday 28th of April 2017 11:29:13 AM
....In the FTSE 250, shares in transport group Stagecoach fell 2. 7% after HSBC cut its rating on the company to "reduce" from "hold". ...
Will Lloyds chief enjoy plain sailing or will he jump ship? | Nils Pratley image
....Horta-Osório says he’s happy in his post and there is more to do. Not everybody is convinced by that answer, since six years counts as a long innings for a FTSE 100 chief executive and he’s constantly linked with the vacancy at HSBC. ...
CBI warns against Brexit divorce bill row putting EU-UK trade ties at risk image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:14:03 PM
....Even some figures with long-stated concerns about the risks of leaving the single market welcomed recent political developments. “One hopes that after the election is over, the government has clarity of mandate and more capacity to negotiate,” said Douglas Flint, chairman of HSBC. ...
Deutsche Bank: 4,000 jobs at risk of being moved out of UK after Brexit image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:03:42 PM
.... JP Morgan is considering buying office space in Dublin, and Citigroup has warned it may have to relocate “certain client-facing roles to the EU from the UK”. Goldman Sachs has warned that hundreds of roles could change, while HSBC could switch 1,000 investment banking jobs from London to Paris. ...
Barclays boss sounds Brexit talent warning image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:19:59 PM
.... . Both Mr Staley and the chairman of HSBC, Douglas Flint, said that contingency plans to deal with the passporting issue were close to being triggered. ...
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
Barclays boss’s spy act is a funny old business image
Source : Guardian [Read Article] Sunday 23rd of April 2017 06:00:05 AM
.... Please remember that when he faces the City for the first time since being publicly disgraced, at Barclays’s quarterly results this week. Apart from those numbers from Barclays, we have a slew of other banking events this week – among them an annual general meeting at HSBC, where the bank’s board is about to undergo significant change, partly because it’s time, and partly due to a row with those pesky proxy groups. ...
How to find the best personal loan without damaging your credit rating image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
....”. Aside from TSB, they include HSBC, Ikano Bank and RateSetter, plus the Halifax, NatWest and Barclays (with the last three you must be an existing customer). ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....”. Simon Wells, chief European economist at HSBC, said the unexpectedly sharp contraction in March showed “consumers are feeling the pinch”, while Victoria Clarke, UK economist at Investec, said it would drag first-quarter GDP growth down to 0. ...
Lloyds eyes Berlin for post-Brexit push image
Source : BBC [Read Article] Sunday 16th of April 2017 04:22:04 PM
.... . HSBC has already said it is likely to move 1,000 workers from London to its European headquarters in Paris, while the insurance market Lloyds of London recently said it was setting up an office in Brussels. ...
Labour plans to halt 'epidemic' of high street bank closures image
Source : Guardian [Read Article] Thursday 13th of April 2017 11:01:17 PM
....”. Labour argues that the big four banks – Barclays, Lloyds, HSBC and NatWest/RBS – made more than £11bn in combined profit from high street banking during 2015, meaning there was no pressing cost reason for the branch closures. ...
FTSE 100 slides as bank shares lose ground image
Source : BBC [Read Article] Thursday 13th of April 2017 08:04:39 AM
Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
....While economists agree that the underlying trend in inflation will be upwards this year, as higher oil prices add to pressure from the weak pound, some see a good chance the measure will fall back in March’s figures. Economists at HSBC forecast inflation dipped to 2. ...
Outlook for City after Brexit 'has improved' image
Source : BBC [Read Article] Sunday 9th of April 2017 09:30:14 AM
....The City of London, the council that covers London's financial centre, itself backed EU membership. Since then, banks including Goldman Sachs, HSBC and UBS have said they will move some jobs out of London as a result of Brexit. ...
Bank of England orders financial firms to draft Brexit contingency plans image
....The insurers Lloyd’s of London and Royal London are setting up subsidiaries outside the UK, while the investment banks JP Morgan and Citigroup are actively exploring the relocation of key operations. Goldman Sachs is to move hundreds of bankers to Frankfurt and Paris, while HSBC could switch 1,000 investment banking jobs from London to Paris. ...
Brexit: Bank urges City to 'plan for all eventualities' image
Source : BBC [Read Article] Friday 7th of April 2017 09:19:58 AM
....Prime Minister Theresa May triggered Article 50 last week, starting two years of formal talks on the UK's withdrawal from the EU. Goldman Sachs, HSBC and UBS are among the banks that have said they will move some jobs out of London as a result of Brexit. ...
Lloyds reveals location of 100 branch closures as it cuts 325 jobs image
Source : Guardian [Read Article] Wednesday 5th of April 2017 12:27:47 PM
....On Monday, Lloyds announced that it would shrink the size of hundreds of branches to “micro branches” without counters, with only two staff with tablet computers assisting customers. The main high street players – Lloyds, Barclays, HSBC, Royal Bank of Scotland and Santander – have shut 1,7000 branches in the past five years, leaving 1,500 communities without a bank on their high street. ...
Lloyds names locations for 100 branch closures image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:54:31 AM
...."Our branches will continue to play a vital role in our multi-channel approach to meeting the full range of customer needs, and we expect to continue to have the biggest branch network in the UK," a Lloyds spokesperson said. Last month RBS and NatWest announced the closure of 158 branches across the UK, and in January HSBC announced a further 62 closures. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
.... Lloyds – which owns Bank of Scotland and Halifax – has already announced plans to close 400 of its branches, with more than 9,000 job losses, while last month Royal Bank of Scotland said it was shutting 158 sites, mostly NatWest’s, and the Co-operative Bank is battling to find a buyer amid fears about its future. In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire Building Society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. ...
Lloyds Bank to shrink hundreds of branches in size image
Source : BBC [Read Article] Sunday 2nd of April 2017 11:00:44 PM
....Research by Which? suggested that in total more than a thousand branches closed in the UK in the two years to December 2016. Last month, RBS and NatWest announced that 158 further branches would close, while HSBC is planning to shut 62 branches this year. ...
FTSE 100 slides as South African-exposed firms hit image
Source : BBC [Read Article] Friday 31st of March 2017 07:52:27 AM
....8%, after a couple of broker upgrades. HSBC raised its rating on the UK insurance group to "buy", while it was lifted to "overweight" at JP Morgan. ...
London will remain Europe’s financial capital despite Brexit | Nils Pratley image
....None of which alters the fact that London will remain Europe’s financial capital for the foreseeable future under almost all circumstances. Even if 1,000 HSBC jobs go to Paris, or wherever, London will remain streets ahead of its European competitors. ...
HSBC adds new transgender titles including M and Misc image
Source : BBC [Read Article] Thursday 30th of March 2017 05:28:12 PM
. HSBC is to let customers choose more non-gender specific titles for their retail bank accounts. ...
HSBC offers choice of transgender titles for bank's customers image
Source : Guardian [Read Article] Thursday 30th of March 2017 04:03:20 PM
. HSBC is to offer its transgender community a choice of 10 new gender-neutral titles as part of its plan to improve the banking experience for customers. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....A number of banks and insurers have already confirmed they could move staff. Goldman Sachs is to move hundreds of bankers to Frankfurt and Paris, while HSBC could switch 1,000 investment banking jobs from London to Paris. ...
Lloyd's of London plans to open Brussels office by middle of 2018 image
Source : Guardian [Read Article] Thursday 30th of March 2017 07:04:46 AM
....AIG, the US insurance company, announced this month that it would set up a subsidiary in Luxembourg, where it currently has a branch. Goldman Sachs is to move move hundreds of bankers to Frankfurt and Paris, while HSBC wants to switch 1,000 investment banking jobs from London to the French capital. ...
Insurer Lloyd's of London confirms new Brussels subsidiary image
Source : BBC [Read Article] Thursday 30th of March 2017 06:28:20 AM
.... Frankfurt, Madrid and Amsterdam are also likely to benefit. HSBC is expected to move significant numbers of employees to Paris. ...
Insurer Lloyd's of London 'to open Brussels office', say reports image
Source : BBC [Read Article] Wednesday 29th of March 2017 05:24:23 PM
.... Frankfurt, Madrid and Amsterdam are also likely to benefit. HSBC is expected to move significant numbers of employees to Paris. ...
Lloyd’s of London will move jobs to new Brussels office image
Source : Guardian [Read Article] Wednesday 29th of March 2017 05:21:41 PM
.... Japanese banks Nomura and Daiwa are reportedly leaning towards the German financial centre. Goldman Sachs, which employs 6,000 people in London, has said it would move hundreds of bankers to Frankfurt and Paris, while HSBC is on course to switch 1,000 investment banking jobs from London to the French capital. ...
What businesses want from the talks image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:01:52 PM
....Estimates vary, but one widely quoted report suggested that up to 75,000 financial jobs could be lost from the UK leaving the single market. HSBC, Goldman Sachs and UBS are among those already planning to move jobs out of the UK, although others have committed to new offices in London. ...
Bye-bye bank charges? image
Source : BBC [Read Article] Monday 27th of March 2017 11:28:16 PM
.... "When I first thought about a bank without branches, I didn't realise it would only take a few taps," he says. Global banking giant HSBC says that more than 90% of its interactions with customers are now through its digital channels. ...
UK banks given new stress test scenarios image
Source : BBC [Read Article] Monday 27th of March 2017 11:43:00 AM
....The banks will have to show they have sufficient resources in place to cope with any shocks. The seven major lenders taking part are Barclays, HSBC, Lloyds, RBS, Santander UK, Standard Chartered and Nationwide. ...
Lords call for the banks to get back to basics image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
.... Meanwhile, the Co-operative Bank says its basic Cashminder account makes up around 20% of all its current accounts. Other providers include Barclays (Basic Current Account), HSBC (Basic Bank Account), Nationwide (FlexBasic), NatWest (Foundation Account), Royal Bank of Scotland (Basic Account), Santander (Basic Current Account), TSB (Cash Account) and Yorkshire Bank/Clydesdale Bank (Readycash). ...
RBS and NatWest to close 158 branches as customers go digital image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:05:29 PM
....RBS is the latest high street player to announce branch cuts. In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire building society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. ...
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. ...

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