HSBC

692 results about this entity

Period: 17 May 2007 - 18 Oct 2024

HSBC to close more branches as mobile migration continues

HSBC will close another 27 UK branches this year in response to a dramatic fall off in customer visits in the face of digital alternatives.

/markets

HSBC to slash 35,000 jobs

HSBC is to slash 35,000 jobs as part of a major overhaul of its business after seeing profits plunge by a third in 2019.

Bank-backed blockchain trade finance platform Contour launches

Contour, the blockchain-based trade finance platform backed by a host of big name banks, has made its commercial launch.

/regulation

FCA requests explanation on banks’ ‘harmful’ overdrafts

The Financial Conduct Authority has called for industry feedback on overdraft pricing in an open letter, as major banks align overdraft rates at around 40%.

/retail

Monzo and Starling among account switching winners

Just five UK banks, two of them challengers, managed a net gain of customers in the third quarter of 2019, according to figures from the Current Account Switch Service.

Fewer than one in 10 Brits use digital-only banks

Only eight per cent of people in Britain use app-only banks like Monzo and Starling, with a majority preferring to stick with the mobile offerings from high street giants.

/wealth

HSBC to bring money market trading to the masses

HSBC in Hong Kong is offering mobile customers with as little as HK$100 to invest the opportunity to build a stake in six bond and equity index funds.

/retail

HSBC Expat engages with Jaywing

Sheffield headquartered Jaywing has been selected by HSBC Expat to help redefine the way the brand engages with audiences who live, work and bank across different countries.

/retail

Hong Kong digital bank offers market beating 6% interest rate

ZA Bank, the first of the eight firms with a licence to launch a digital bank in Hong Kong, is offering an introductory interest rate of 6% on deposits to select clients.

HSBC closes more HK branches as protest escalates

HSBC has been forced to shutter more of it branches in Hong Kong after becoming entangled in the political turmoil gripping the territory.

HSBC and first direct downtime continues into the morning

Overnight outages affecting mobile and online services from HSBC and subsidiary first direct have continued into the morning, despite earlier claims that the problems had been rectified.

HSBC tops up OpenFin Series C with $5 million investment

HSBC has joined a Series C financing round in OpenFin, bringing the total amount raised by the desktop OS operator to $22 million and total funding to date to $45 million.