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The Latest Breaking News from HSBC

Homeowners hope mortgage rates have peaked as Nationwide becomes biggest lender yet to cut prices

Nationwide joins HSBC and Barclays among top lenders in lowering its rates

Evening Standard

What is Tottenham Hotspur billionaire Joe Lewis accused of?

Joe Lewis has been accused of 16 counts of securities fraud in the US. We examine the allegations through the companies he invested in

The Guardian - UK

Fresh hope mortgage mayhem is ending as HSBC becomes first major lender to cut rates

It follows last week’s long-awaited good news on the cost-of-living crisis, when the rate of inflation fell more quickly than expected

Evening Standard

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HSBC, Nationwide and TSB failed to send transaction histories to some customers

The providers breached a requirement that payment transaction histories should be provided to customers when they close their account.

The Independent UK

What do you get if greed is rife, government stupid and planning abused? Canary Wharf and other such horrors

As big firms exit what came to be a symbol of the office age, we can finally start thinking about building truly civilised cities, says Guardian columnist Simon Jenkins

The Guardian - UK

Tech-savvy UK businesses to invest in AI to replace staff and cut costs – HSBC

British businesses are looking to better use technology to cut costs, HSBC found in its latest survey of 500 firms.

The Independent UK

FCA warns it will crack down on banks that fail to pass on savings rates

Nikhil Rathi tells Treasury committee there are ways to assess whether customers are being treated fairly

The Guardian - UK

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UK investors backtrack on support for climate resolution at oil firms’ AGMs

Asset management firms accused of sacrificing climate action by voting against shareholder resolution at Chevron and ExxonMobil

The Guardian - UK

UK’s biggest mortgage lenders in 2022 ranked

Lloyds Banking Group has held its position as the UK’s biggest mortgage lender but some providers moved up or down the tables.

The Independent UK

HSBC set off a scam alert over my John Lewis Partnership credit card

It claimed it had been transferred, and asked me to set up a direct debit

The Guardian - UK

Revealed: shares held ‘in secret’ by scores of MPs raise questions about vested interests

Exclusive: MPs found to hold ‘in effect secret’ stock in listed firms from banks to housebuilders

The Guardian - UK

Attorney general and close family hold £130,000 in shares in six FTSE 100 firms

Exclusive: Victoria Prentis’s shareholdings not disclosed in registers despite potential for conflicts of interest

The Guardian - UK

Barclays senior staff party at Wimbledon with champagne as mortgage rates soar

Senior staff get complimentary seats at the tournament in one of Wimbledon's executive suites costing up to £4,995 per person after Barclays landed a partnership with the All England Club

Daily Mirror

Banks recognise savers need more help accessing best rates - FCA

Yesterday saw a flurry of new savings rate announcements from banks and building societies

Insider UK

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Daily Mirror

The LOWEST interest rates offered to savers by banks - from Santander, to Natwest and Barclays

Bosses at some of the UK's biggest banks, Lloyds, HSBC, NatWest and Barclays are to face questions by the Financial Conduct Authority (FCA) this week on the speed it passes on the rate rises to savers

The Guardian - UK

UK banks urged to ‘accelerate’ savings rates by financial regulator

FCA tells NatWest, Lloyds, HSBC and Barclays to act more quickly to support consumers after profiteering claims

The Conversation

Why banks once flocked to Canary Wharf’s high-tech superstructures, but are now starting to return to the City

HSBC is moving its UK headquarters from Canary Wharf back into the City of London as it adjusts to the impact of hybrid work on its office space needs.

Evening Standard

As HSBC leaves Canary Wharf, could student housing move in?

University accommodation search engine StuRents says the Docklands finance hub is becoming one of the most in-demand areas for student housing

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The Guardian - UK

‘It has lost its appeal’: Canary Wharf faces an uncertain future

London’s docklands financial district is facing the loss of major firms such as HSBC and its owners are having to innovate to stem the exodus

The Independent UK

Bankers summoned to watchdog as savings rates trail mortgage costs

The chief executives of HSBC, NatWest, Lloyds and Barclays are expected before the Financial Conduct Authority.

Daily Mirror

HSBC service issue saw customers unable to withdraw cash or pay with card

The major UK bank said in a tweet that "some customers" were experiencing issues although it is unclear exactly how many people are being affected.

The Guardian - UK

MPs accuse banks of ‘blatant profiteering’ as savings rates remain low

Commons Treasury committee writes to four largest banks, saying they risk falling foul of incoming City rules

The Independent UK

Thousands of businesses can’t afford crippling rates on taxpayer-backed Covid loans

Exclusive: Figures show £26bn was loaned out to around 100,000 firms under the government-backed scheme, but only one in four have paid off the debt

Daily Record

Urgent warning as free £200 switching offer to bank customers ends tonight

Savvy customers could nab £200 if they hurry - HSBC's switching offer ends at midnight today.

The Guardian - UK

Celebrities call on Wimbledon to drop Barclays sponsorship

Richard Curtis, Emma Thompson and others say bank is ‘financing and profiting from climate chaos’

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