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The Latest Breaking News from HSBC UK

‘My mortgage costs have tripled since Covid – I reached breaking point’

More than 12 million working adults are being kept awake by worries about housing costs, new data reveals

The Independent UK

HSBC offers new £220 cash bonus for customers switching current accounts

IN FULL

The Independent UK

HSBC launch £220 offer to switch banks - but how does it stack up against the competition?

Nationwide, Lloyds and first direct are among the other providers with ongoing switch offers

The Independent UK

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48% of 16 to 24-year-olds ‘have not put any money in savings in past year’

Nearly two-thirds of young adults surveyed said they worry about spending money, HSBC UK and Young Enterprise said.

Evening Standard

Initiative helping people to access banking services is expanded to more banks

Banks will work with Shelter and UK Finance to help improve access to banking services for people who are financially excluded.

Evening Standard

Kombucha company and e-bike firm Volt named among UK’s top small businesses

Small firms navigate a difficult economic environment marked by higher costs, weaker consumer confidence and global uncertainty

The Independent UK

HSBC UK will offer British Sign Language training for beginners to its employees

The bank said it believes the initiative will contribute to providing a ‘more inclusive experience’ for staff and customers.

Evening Standard

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Major mortgage lenders set to make more rate reductions after last week’s cuts

Santander and HSBC UK, which both made mortgage rate reductions last week, are making further cuts this week.

Evening Standard

Major lenders poised to reduce mortgage rates on Friday in ‘encouraging’ move

Average rates are showing signs of having reached a plateau, according to Moneyfacts.

Evening Standard

‘Golden window’ to stash money into Isas opens as providers improve deals

HSBC UK is offering up to £500 cashback for depositing and/or transferring new funds into a cash Isa before May 11.

Evening Standard

Some mortgage rates set to be raised in coming days as lenders make changes

The cycle of lenders adjusting rates ‘almost invariably results in others following suit’, a mortgage expert said.

Evening Standard

UK homeowners dealt fresh blow as mortgage rates set to increase

First-time buyers, home movers, re-mortgagers, and buy-to-let landlords will be affected

The Independent UK

Many Gen-Z adults ‘started to consider investing when they were teenagers’

In contrast to the younger generation, only 4% of those aged 55 and above had considered investing before the age of 18, according to HSBC UK.

Evening Standard

Worried about getting your tax sorted? HSBC and Sage team up ahead of Making Tax Digital deadlines

Forget bank feed integration for accounting software – HSBC is bringing Sage's accounting tools straight into your banking app.

TechRadar

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Evening Standard

HSBC UK launches switching offer of up to £750 for Premier customers

The bank has unveiled a ‘bring more, get more’ offer.

The Independent UK

HSBC offers up to £750 cashback to attract new Premier customers

The bank has unveiled a ‘bring more, get more’ offer to attract high-value clients

Evening Standard

HSBC UK commits to keeping all its 327 branches open until at least 2027

The bank has also said it will invest £55.8 million in its branch network next year, to help refurbish and modernise branches.

The Independent UK

Major UK bank makes huge pledge over its 327 branches

The bank has also said it will invest £55.8 million in its branch network next year

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Evening Standard

Half of young investors ‘check accounts at least once a day’

Nearly three-quarters of 25 to 34-year-olds said they are active investors, according to a survey for HSBC UK.

The Independent UK

Strategy will ‘open doors’ to people struggling to access financial services

The Government’s Financial Inclusion Strategy aims to improve access to financial services for various groups.

Evening Standard

New mortgage offers include interest-only deals and mortgage loans at 6.5 times income

HSBC UK said the new limit reflects its confidence in the financial resilience of its Premier customer base and a commitment to responsible lending

Euronews

HSBC taps new CEO for UK division amid its biggest shake-up in 10 years

HSBC has named former NatWest executive David Lindberg as CEO of its UK ring-fenced bank, part of a sweeping restructuring aimed at streamlining operations and sharpening its customer focus.

Evening Standard

Former NatWest executive David Lindberg appointed HSBC UK boss

Mr Lindberg, who was NatWest’s chief executive of retail banking until earlier this year, will take up the role on December 8.

The Independent UK

Charity praises bank for new debt collection approach and improved customer help

HSBC has been awarded an ‘advanced’ mental health accessible rating by the Money and Mental Health Policy Institute.

Evening Standard

Banks will offer first-time buyers ‘more firepower’ to get on property ladder

HSBC UK and First Direct have announced changes to their mortgage lending policies, to help some buyers take out bigger loans.

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