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The Latest Breaking News from HSBC

HSBC to move headquarters out of Canary Wharf

Banking giant expected to move from financial district at end of its lease

The Independent UK

That shrinking feeling: London’s docklands can no longer bank on financial sector

HSBC is to vacate its ‘tower of doom’ – can Canary Wharf reinvent itself in the post-pandemic era?

The Guardian - UK

'Beat the USA to the punch': HSBC Hong Kong now allowing trades of Bitcoin and Ether ETFs

Hong Kong’s banking regulator pressured its biggest banks to accept crypto exchanges as clients earlier this month.

Fortune

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read the most diverse news in one place.

HSBC to move out of Canary Wharf headquarters due to hybrid working

The bank, which aims to move to the former head office of BT, says it wants to reduce its global office space by 40%

The Guardian - UK

Lavish homes of fatcat bank bosses tackling mortgage crisis - including £12k treehouse

Top bankers advising on the home loan crunch have been revealed as multi-million pound homeowners with no mortgages and 'woodland-type' gardens, while many families struggle to make ends meet.

Daily Mirror

Martin Lewis calls it ‘absolutely outrageous’ that savings rates lag behind those now charged to borrowers

The Bank of England unexpectedly pushed up interest rates to 5% last week.

Daily Record

Strictly Come Dancing's Giovanni Pernice receives support from fans after personal post

Giovanni shared a touching sentiment about his new life in the UK

Nottingham Post

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HSBC UK planning to boost its savings rates

The bank said it will be increasing rates shortly and making other changes, and it will give further details next week.

The Independent UK

Why are UK banks taking so long to pass higher interest rates on to savers?

Delay is under intense scrutiny from City watchdog – but it may not be simple profiteering

The Guardian - UK

'I missed my dream holiday to Miami after bank froze my account as I headed to the airport'

"It's not even about the money, I want my holiday. I should be on a beach right now"

Manchester Evening News

Strictly Come Dancing's Giovanni Pernice supported as he opens up about move to UK after being seen planting a kiss on co-star

The dancer, who is set to return to the ballroom this autumn, took to social media with a video

Manchester Evening News

UK mortgage holders to get 12-month grace period before repossessions after sharp rate hike – as it happened

Chancellor met with lenders to discuss what they can do to support struggling households

The Guardian - UK

Jeremy Hunt to meet with lenders as mortgage crisis worsens with rates hike

The Chancellor will meet with banks including HSBC and Santander.

The Independent UK

Google Cloud wants to use AI to stop money laundering for good

Artificial intelligence in money laundering detection is about to become a whole lot more effective thanks to Google Cloud.

TechRadar

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Wales Online

The best fixed mortgage deals you can get right now according to MoneySavingExpert

Homeowners and first-time buyers are facing further uncertainty with rising rates and deals disappearing in just 30 minutes

Wales Online

Lloyds, Barclays, Halifax, HSBC: All the variable mortgage rates right now as interest rates to rise for 13th time

Some banks will be increasing their rates in a few weeks

Edinburgh Live

New multi-storey Edinburgh Starbucks with views of castle planned for Princes Street

The City of Edinburgh Council has validated an application which would see 118 Princes Street, on the corner of Castle Street, converted into the café with first floor views of the castle itself

GamesRadar

Zelda: Tears of the Kingdom is getting (partial) blame for the UK's record inflation

Zelda gets her very own 'Beyonce Effect'

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The Guardian - UK

There’s only one way to tackle Britain’s mortgage meltdown – get the banks to cough up

The big five owe the public for the 2008 bailout – and they are taking in enormous profits while many homeowners and renters struggle, says former chancellor John McDonnell

The Independent UK

Payment card recycling initiative launched for HSBC UK customers

Customers can securely shred expired or unused payment cards in specialist machines at selected branches.

The Independent UK

Mortgage lenders ‘stand ready’ to help borrowers struggling with payments

Lenders urged those who are worried about their payments to get in touch.

The Independent UK

‘This is going to sting’: What would a mortgage crisis mean for homeowners and renters?

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

Fortune

The CEO of Europe’s largest bank on innovation, new tech, and HSBC’s approach to crypto

Noel Quinn believes HSBC is well positioned to navigate new technology in an increasingly complex global landscape.

The Guardian - UK

Holiday spending: what to sort out now to keep costs down

Accessing money abroad can rack up a number of unexpected bills, so plan now to save later

Evening Standard

OPINION - The Standard View: The mortgage time bomb for the Tories

THE prospect of a young trainee or graduate being able to afford a home of his or her own has been bleak for several years and can only be bleaker now that the cost of mortgages is set to rise. HSBC is to raise mortgage rates for the second time…

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