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The Latest Breaking News from HSBC

Edinburgh bank worker dodges jail after stealing £36k to fund gambling addiction

David Hay, from Leith, was employed as a financial investigator with HSBC when he cheated a group of pals out of the huge sum. He appeared at court in Edinburgh this week.

Edinburgh Live

Scots bank worker behind £36k currency fraud to fund football gambling addiction dodges jail

Shamed David Hay, 42, swindled a group of pals out of the massive sum in a foreign currency scam to pay for his sports betting.

Daily Record

World No. 1 Jin Young Ko co-leads HSBC in Singapore, records 13th consecutive round in the 60s

With 13 consecutive rounds in the 60s, Jin Young Ko just one off the mark for most in a row – a record she already shares.

USA Today Sports Media Group

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U.S. lawmakers demand HSBC explain actions against Hong Kong activists, Americans

Influential U.S. lawmakers have demanded that one of the world's biggest banks, HSBC Holdings Plc, explain its actions in freezing accounts of Hong Kong pro-democracy activists, moves that could leave it liable to severe sanctions under U.S. law.

Reuters

Western Companies Head For the Exit in Russia as Sanctions Tighten

Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. The West has moved to punish Russia with a raft of…

Asharq Al-Awsat

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

The Guardian - UK

Inflation In These Sectors Could Slow Down The Recovery In Asian Economies

On CNBC, HSBC economist Frederic Neumann said increased prices in energy, commodities and agriculture products are a big headwind for Asia’s economies.

Benzinga

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Denholm Seafoods boosts exports with eight-figure funding package

Money from HSBC and UK Export Finance should help with international expansion

Insider UK

HSBC pay deals are just a reward for not screwing up

Comment: Not all boats are rising as economy recovers

Evening Standard

HSBC boss takes home £9 million as banker bonuses soar

HSBC’s bonus pot for top bankers jumped by a third to £2.6 billion while chief executive Noel Quinn took home £9 million it emerged today.

Evening Standard

HSBC boosts staff bonus pool by a third to £2.6bn as profits soar in Covid crisis

London-headquartered bank paid more than 451 of its staff £830,000 or more last year

The Guardian - UK

FTSE 100 Live: Oil nears $100 on Russia’s Ukraine escalation, HSBC profits jump, Wood Group warning

Stock markets have fallen sharply and oil prices are within sight of $100 a barrel as traders react to Vladimir Putin sending troops into eastern Ukraine.

Evening Standard

HSBC pre-tax profit more than doubled to £13.9 billion

Group chief executive Noel Quinn said the results reflected the global economic recovery from the pandemic

Birmingham Post

The Credit Suisse leaks expose an industry that has got away with too much for too long

I won’t be holding my breath for government action or an UK inquiry into its actions – or into any other bank for that matter, says banking expert Prem Sikka

The Guardian - UK

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The Guardian - UK

Standard Chartered bankers share $1.37bn bonus pot

Payout 38% up on 2020, with bonus pots at HSBC, Barclays, Lloyds and NatWest expected to be just as large

The Guardian - UK

‘We’ve had a run on champagne:’ Biggest UK banker bonuses since financial crash

Bumper payouts are ‘kick in the teeth for everyone else suffering with the cost of living crisis’, say critics

The Guardian - UK

Europe’s biggest banks provide £24bn to oil and gas firms despite net zero pledges

Investments to drill new oil wells and tap gas reserves were made within a year of signing up

Edinburgh Live

Crooked Edinburgh banker conned his friends out of £36,000 in currency scam

David Hay was employed as a financial investigator with HSBC when he carried out the swindle to allow him to bet “as much money as possible” online.

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Daily Record

Scots bank worker conned pals out £36,000 in currency scam to fund football gambling addiction

David Hay was employed as a financial investigator with HSBC, a court heard, when he targeted the friends with the swindle.

The Independent UK

International alliance of western MPs calls for China blacklists over Uyghur ‘atrocities’

Demands came following reports that HSBC holds shares in Chinese firm linked to abuse

StockNews.com

4 International Bank Stocks to Buy to Diversify Your Portfolio

International banks often provide a solid opportunity for investors to cash in on various macroeconomic trends playing out in the international markets. So, amid the uncertainties surrounding the U.S. stocks markets, we think that investing in quality international bank stocks HSBC (HSBC), Mitsubishi UFJ Financial (MUFG), UBS (UBS), and Banco…

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