The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss CFO Ewen Stevenson predicts the base rate could start moving from mid-2022 The raise in interest rates would be welcomed by long-suffering savers The Bank of England slashed interest rates to a record low of 0.1% … Read more
Mortgage rates have continued to hit record lows, as HSBC launched its first sub-1 per cent deal in more than five years. The lender has cut the rate on its two-year fixed product for those with deposits or equity of at least 40 per cent by 0.05 per cent, bringing it down to 0.99 per … Read more
HSBC passes a landmark climate change policy after facing years of criticism for its financing of coal power By Lucy White For The Daily Mail Published: 21:50 BST, 28 May 2021 | Updated: 22:20 BST, 28 May 2021 HSBC has passed a landmark climate change policy after facing years of criticism for its financing of … Read more
Bitcoin blow as HSBC vows to steer clear: Bank boss cites its volatility and lack of transparency By Mark Shapland For The Daily Mail Published: 21:51 BST, 24 May 2021 | Updated: 21:51 BST, 24 May 2021 Bitcoin was dealt a fresh blow after HSBC’s chief executive declared the bank would not touch it. Noel … Read more
HSBC handed out more mortgages in March than any other month in its HISTORY and cuts rates on a number of home loans Bank handed out more mortgages in March than any month in its 40-year history This included providing home loans to more than 3,000 first-time buyers It has also cut rates on several … Read more
Extinction Rebellion fanatics are deliberately causing at least £5,000 of criminal damage at protests to get jury trials as they believe they’ll stand a better chance of acquittal Extinction Rebellion deliberately causing criminal damage to get a jury trial Anyone who causes at least £5,000 of damage can be brought before a jury Protestors believe … Read more
Bosses at HSBC have fallen victim to the bank’s huge cut back on office space as it attempts to move towards home-working model amid the pandemic. Senior staff have been pushed out of their private offices on the 42nd level of the group’s Canary Wharf headquarters and will instead be forced to hot-desk two floors below. … Read more
HSBC moves another UK executive to Hong Kong as it doubles down on its shift to Asia By Daily Mail City & Finance Reporter Published: 22:27 BST, 14 April 2021 | Updated: 22:37 BST, 14 April 2021 HSBC has doubled down on its shift to Asia, sending yet another of its top executives from London … Read more
Customers who have made a Section 75 claim with their bank or credit card provider could be waiting until next year for a refund, This is Money can reveal. One HSBC customer – who simply wants to be named as Ray – made a claim in August 2020 after a New York holiday scheduled for April … Read more
BA staff will continue work from home plan when Covid crisis ends as airline explores sale of its HQ near Heathrow where 2,000 employees were based before lockdown British Airways bosses say home-working is one of ‘very few positive aspects’ of coronavirus pandemic Airline is looking at options for Waterside complex at London Heathrow Airport … Read more