HSBC makes a comeback in the mortgage broker market with adjusted rates
HSBC's return to the mortgage market amid rate adjustments reflects a turbulent landscape and changing economic conditions.
High inflation rattles UK home loan market
Britain's retail lenders are withdrawing fixed home-loan products, as elevated inflation sparks fears of more Bank of England interest rate hikes and worsens the cost-of-living crisis.
Five banks under CMA Investigation for breaching UK competitive bonds law
The banks named in the recent report are Royal Bank Of Canada, HSBC, Deutsche Bank, Citi and Morgan Stanley. These banks allegedly participated in a series of one-to-one conversations in chatrooms, where they divulged sensitive information to traders.
IMF forecasts UK economic growth in major U-turn
The IMF ripped up its previous forecast in April for a 0.3-percent contraction.
UK sets up council to help SMEs achieve net zero targets by 2050
The UK government has launched a Net Zero Council to help UK SMEs reduce carbon emissions, implement greener practices and set them on the path to net zero.
Goldman Sachs invests $2 billion in Black women-owned businesses
The global financial institution, Goldman Sachs has announced that it will invest more than 2 billion dollars into Black women-owned businesses and organisations through its One Million Black Women program.
UK residents can save up to £60,000 per year on their pensions
From ISAs to pensions, VCTs to EISs, Madeleine Ingram, Director at Calculus, shares how UK individuals can make tax-efficient investments amid the fair of a coming recession.
Analysis-HSBC, Goldman gender pay gaps widen in UK as finance makes slow progress
HSBC, Goldman Sachs, Morgan Stanley and Standard Chartered reported a widening in the gap between what they paid women and men in 2022, according to data reviewed by Reuters.
Banking rebound remains fragile as regulators review response to failures
Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB) saying recent volatility highlighted the need for greater regulatory scrutiny.
Singapore push for all-EV future faces a love of crazy, rich combustion
Singaporean chip designer Eu Gene Goh is an electric-vehicle evangelist with two Teslas in the garage.
Yellen tries to assuage investor fears as bank stocks slide
U.S. Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any crisis even as bank stocks resumed their slide on Thursday.
UK inflation surprise pressures BoE to raise rates again
British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday.
Expert reveals steps tech start-ups can take to avoid the financial risks like the SVB collapse
The Silicon Valley Bank collapse proved how important it is for tech start-ups to have measures in place to manage their financial risks, with Charles Fletcher, Partner at Michon De Raya, advising businesses on how they could accomplish this.
Credit Suisse's buyout by Swiss-rival UBS results in further panic throughout global banking system
Hargreaves Lansdown's Susannah Streeter has spoken on UBS's $3.23 billion purchase of Credit Suisse with the latter having been saved by its domestic rival.
SVB collapse: experts worry that 'fall-out risks spreading' as bank stocks plummet
After Silicon Valley Bank collapsed, the failure of regulatory action to stop declines in bank stocks prompted alarm on both sides of the Atlantic.
Europe's bank bonds battered after Credit Suisse debt wipeout
European bank bonds slumped on Monday following the state-backed rescue of Credit Suisse by UBS as a wipeout of some bondholders raised concerns around broader bank capital and also hammered bank shares.
Asian stocks drop despite Credit Suisse buyout, central banks' pledge
Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into under-pressure lender First Republic Bank.
Analysis: UK businesses mull moving cash after SVB chaos
British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of U.S.
Goldman Sachs, other banks expect smaller hike from ECB in May
Goldman Sachs, Morgan Stanley and at least two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May, as it grapples with stress in the banking sector and high core inflation.
HSBC's acquisition of SVB UK a 'big sigh of relief' for tech startups
The U.K. Treasury, which facilitated the transaction alongside the Bank of England, said in a statement that the deal would protect the deposits of SVB U.K. clients.
European equities dive on fears of US banking crisis
European stocks tanked Monday while US stocks fell as investors shrugged off global efforts to stem a fast-moving crisis emanating from the US banking sector.
HSBC buys US bank SVB's UK arm for 1 pound
The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal ?1 ($1.2) in a rescue deal, the government and HSBC announced Monday.
Stocks slump as bank shares face rout
Global stock markets sank Friday as banking shares faced a rout over contagion fears, while US jobs data was seen all but ensuring further aggressive interest rate hikes.
Europe's banks sucked into global rout as high rates reality hits home
European bank shares tumbled on Friday in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be vulnerable to the rising cost of money.
Interest rate hikes and consumer doubts threaten to destabilise current operations on Wall Street
A new report into the current market landscape by Hargreaves Lansdown's Susannah Streeter suggests a potentially bleak future ahead on Wall Street.
Analysis: Competition hots up as British banks fight to keep earnings rising faster than costs
British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates paid to long-suffering savers threaten to outpace flatlining profit margins, senior industry executives and analysts said.
Lloyds faces housing market chill as profit growth stalls
Britain's Lloyds Banking Group signalled that falling house prices, competition on savings and rising costs may crimp future returns after reporting flat profit growth for 2022.
HSBC takes US$300 million hit on Russia business sale, says deal on track for 2023
HSBC HSBA.L> said it still expects to complete the sale of its Russia business in first-half 2023, in the most significant update on the progress of the deal since it said in July 2022 it had agreed to sell the unit to local lender Expobank.
At job fairs in China, employers are thrifty and applicants timid
China's job fairs are making a comeback after being forced online by COVID-19 for three years, but subdued wages and less abundant offerings in sectors exposed to weakening external demand point to an uneven and guarded economic recovery.
Bank of England to lift bank rate 25 basis points to 4.25% in March, then pause: Reuters poll
The Bank of England will make its final increase to borrowing costs in the current cycle next month to combat double-digit inflation, according to a Reuters poll which showed the British economy is almost certainly entering a recession.