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Bombshell revelations that a corrupt, money-laundering culture lies at the core of Britain’s biggest bank HSBC are a devastating reminder that the nation’s lenders have learnt nothing since the financial crisis of 2008 to 2009. Back then, the banks took us to the financial abyss by selling bad debt in vast quantities around the world, … Read more
HSBC warned it could be bombarded by legal claims after leaked files indicate bank allowed criminals to launder money By Daily Mail City & Finance Reporter Published: 22:00 BST, 21 September 2020 | Updated: 22:00 BST, 21 September 2020 HSBC has been warned it could be bombarded by legal claims after leaked files indicated the … Read more
Customers willing to spend a few hours buried in banking paperwork could potentially earn themselves £325 in one-off switching bonuses, after HSBC became the third bank in three weeks to launch a three-figure welcome offer. Those who switch to either its Advance or Premier accounts through the official switch service can earn £125 if they … Read more
First-time buyers hit as HSBC pulls 90% mortgages amid worries that a surge in applications would ‘put property purchases at risk’ HSBC will temporarily suspend deals for borrowers with a 10 per cent deposit Most lenders pulled these deals earlier this year due to reduced staff numbers As of this morning there were just 62 … Read more
The Zoom BOOM: Company nobody had heard of before Covid is now bigger than HSBC and Lloyds put together By Francesca Washtell For The Daily Mail Published: 22:16 BST, 1 September 2020 | Updated: 22:16 BST, 1 September 2020 A video conferencing company that few had heard of before lockdown is now worth more than … Read more
US officials attack HSBC for its treatment of pro-democracy protesters in Hong Kong, and accuse China of ‘bullying’ the bank By Daily Mail City & Finance Reporter Published: 22:13 BST, 26 August 2020 | Updated: 22:54 BST, 26 August 2020 US officials have attacked HSBC for its treatment of pro-democracy protesters in Hong Kong, and … Read more
HSBC shoots down Bank of England’s optimism over the economy predicting it will shrink by 10.3% in 2020 By Lucy White For The Daily Mail Published: 21:50 BST, 19 August 2020 | Updated: 21:50 BST, 19 August 2020 Britain’s biggest lender has taken issue with predictions from the Bank of England that the economy may … Read more
HSBC hits flathunters with loans clampdown: Bank set to insist on a 15% deposit – or 20% if buying a new-build By Victoria Bischoff Money Mail Editor For The Daily Mail Published: 21:50 BST, 13 August 2020 | Updated: 21:50 BST, 13 August 2020 HSBC is clamping down on how much it will loan to … Read more
HSBC profits sink by 82% as loans sour: Shares plunge to lowest levels since 2009 crisis By Lucy White For The Daily Mail Published: 22:03 BST, 3 August 2020 | Updated: 22:18 BST, 3 August 2020 HSBC profits plunged more than 82 per cent as the bank warned £10billion worth of loans could turn sour … Read more
BUSINESS LIVE: HSBC profits plunge; Hammerson in sale talks; Purplebricks reports revenue slide By This Is Money Published: 08:04 BST, 3 August 2020 | Updated: 08:09 BST, 3 August 2020 HSBC has reported a 65 per cent drop in pre-tax profit in the first half of the year as the UK’s largest bank was … Read more