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The Latest Breaking News from HSBC

As tensions rise between east and west, will HSBC be torn apart?

The bank, once a herald of globalisation, is struggling to placate investors amid US-China trade wars and crisis in Hong Kong

The Guardian - UK

TSB, Barclays and more banks hike mortgages as 2million to be hit by rate rise

Banks including HSBC, TSB and Santander have increased the rates on mortgages to take advantage of the Bank of England's rise, adding £50 a month to the cost of a typical £250,000 loan

Daily Mirror

Martin Lewis shares four banks where you can get up to £150 for free

Some offers are even available to existing customers

Manchester Evening News

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Morning Brief: Top Financial Stories Dominating on Wednesday, May 4

Reuters HSBC Kick Starts Its $1B Planned Share Buyback

Benzinga

HSBC Kick Starts Its $1B Planned Share Buyback: Reuters

HSBC Holdings plc (NYSE:HSBC) has launched its planned $1 billion share buyback Wednesday as it seeks to redeploy excess capital and reward shareholders. The bank has appointed Merrill Lynch International to conduct the process, which could see as many as 2 billion HSBC common shares canceled in a move that should boost average…

Benzinga

First look inside new apartment at Cardiff Bay's Grade II former HSBC bank as it goes on sale

This apartment is set in a Victorian Grade II listed building in the heart of Cardiff Bay

Wales Online

Windfall tax wouldn’t stop BP’s £18bn parade of projects

Neither would it make the energy crisis go away, but after a while it becomes hard to resist

The Guardian - UK

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City comment: HSBC’s political balancing act is getting increasing precarious

Running a big bank is a political job at the best of times but HSBC boss Noel Quinn has found himself smack bang in the middle of the biggest geopolitical story of our century: the growing rift between the US and China.

Evening Standard

Monzo, Barclays, HSBC, Santander: Best and worst banks based on switches this year

The latest current account switch data is in from Pay UK - but where are people switching to, and which banks are being ditched? See the full list below and tell us what you think

Glasgow Live

Cash machine installed on North Wales high street left without ATM after banks pulled out

Principality Building Society has installed an ATM machine in its Prestatyn branch

Birmingham Post

HSBC faces pressure to split after push from one of its largest shareholders

Chinese insurer Ping An discusses listing bank’s Asian operations separately in Hong Kong

The Guardian - UK

Best and worst banks based on switches this year from Santander to HSBC and Barclays

The latest current account switch data is in from Pay.UK - but where are people switching to, and which banks are being ditched? See the full list below and tell us what you think

Daily Mirror

Martin Lewis says you can claim free £175 payment - but deadline is fast approaching

Customers must meet certain criteria to claim the cash.

Daily Record

Web3 Leads Metaverse Companies Like Facebook Into Brave New Virtual Worlds

Web3, which runs on blockchain, cryptocurrencies and non-fungible tokens, is getting major support as the third generation of the internet.

Investors Business Daily

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Benzinga

HSBC Upgrades Schlumberger: Here's What You Need To Know

HSBC upgraded its rating of Schlumberger (NYSE:SLB) to Buy with a price target of $44.20, changing its price target from $40.60 to $44.20. Shares of Schlumberger are trading up 1.01% over the last 24 hours, at $39.94 per share.

Chronicle Live

Martin Lewis issues two-day warning for those wanting to claim free £175

However, there is certain criteria you must meet first

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 27, 2022

Liverpool Echo

Martin Lewis warns people only have 48 hours to claim free £175

As the cost of living continues to bite, many people can get their hands on free cash if they act fast

Get all your
news in one place.

100’s of premium titles.
One news app.

Evening Standard

Why the banks have a tricky job over Russia

City Comment: Banks owe us for the financial crash, but Russia sanctions are not easy

Evening Standard

HSBC sees profits plunge and defends Russian businesses

HSBC today reported a plunge in profits, defended its Russianbusiness and said rising interest rates should enable it to retain returns to investors.

The Guardian - UK

HSBC profits fall nearly 30% on Ukraine war and default fears

Bank puts aside £504m to cover unpaid loans as customers miss payments due to cost of living crisis

Bristol Post

Martin Lewis shares simple tip for getting £175 by switching bank accounts

Many banks are offering similar deals

Daily Mirror

2,300 Brits forced to take a ferry to get to a bank after island closes last branch

The Isles of Scilly is losing its last remaining bank branch, Lloyds, but the closure means anyone wanting face-to-face banking has to do it every fortnight or travel for five hours

Daily Record

Switch your current bank account and earn up to £175 free cash or return flights to the Bahamas

Four banks are offering cash incentives to switch and one is offering thousands of reward points.

The Guardian - UK

Bank bosses’ optimism darkens as war follows on the heels of Covid

Last year’s hopes of a return to normal will largely be absent from this week’s downbeat set of UK lenders’ results

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