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Gambling on Private Credit Business: HSBC Invests £2.95b Amidst Scaling Back of SME-Centric US Biz
This move targets the expanding $2 trillion (£1.48 trillion) global private credit market, traditionally led by firms like Blackstone and Ares Management.
Work From Home? Say Goodbye To Your Bonus, HSBC Warns 23,000 Employees
HSBC has told its UK retail and commercial staff that failing to work in-office at least three days a week may reduce bonuses. Starting September 2025, attendance will be tracked and tied to performance reviews, reflecting a stricter shift in hybrid work expectations.
HSBC Makes Global Rollbacks As It Scales Down Operations and Other Financial Services
The financial giant also noted that the move was aimed at simplifying its internal operations and focusing on its current key strengths.
UK Global Investment Summit Draws Global CEOs and Innovators to Boost Economic Prospects
The summit, jointly hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aims to position the UK as a leading global business destination and attract billions of pounds in strategic investments.
HSBC Expresses Concerns About UK's Economic Outlook Despite a 240% Rise in Profits
HSBC, headquartered in London but primarily focused on the Asian market, announced pre-tax profits of $7.7 billion (£6.4 billion) for the third quarter spanning from July to September.
JP Morgan Chase Bank To Ban Crypto Payments From Next Month
The UK bank is bringing a ban on cryptocurrency purchases due to an "increase in fraud and scams related to crypto assets".
UK export finance secures £50 million loan for Trifast's global expansion
UK Export Finance secures a £50 million loan for Trifast's global expansion, driving innovation in industrial fastenings and uplifting partnerships, export growth, manufacturing support, innovation and economic development.
UK officially joins CPTPP trade group, opening doors to new opportunities
UK formally joins CPTPP trade group, opening doors to new opportunities for British businesses with reduced tariffs and increased investment.
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.
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.
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.
Man versus robot: Three ways humans can thrive in tomorrow's workplace
There are broad areas of human skills that artificial intelligence cannot replicate.
Why young angel investors are a blessing for cutting-edge companies
The benefits of angel investing as a two way street – a give and take dynamic.
Banks and financial institutions must make customer satisfaction a priority
A recent study found that most customers, including millennials, still prefer having a physical branch nearby.
HSBC agrees to pay $101m fine to settle US currency rigging probe
US Department of Justice had launched an investigation into the bank's foreign exchange business.
HSBC says US officials will dismiss criminal charges against it
Global banking giant says the Department of Justice will ask a court to dismiss deferred charges against it.
Security bug that let hackers steal banking passwords put 10 million app users at risk
Major banking applications used by HSBC, NatWest and Co-op had potential to let hackers steal usernames and passwords of account holders.
HSBC parts with €300m to settle French tax avoidance probe
HSBC's Swiss private banking unit alleged to have helped wealthy clients avoid taxes by French prosecutors.
HSBC records five-fold increase in profits amid switch to Asian markets
HSBC posts pre-tax profits of $4.62bn in the third quarter, reaping dividends of restructuring programme.
What is Appleby? A guide to the hacked offshore firm used by the rich and powerful
Appleby's long list of clients, while not named publicly, include banks, corporations, FTSE 100 and Fortune 500 companies and "high net worth individuals".
Former HSBC FX trader found guilty of fraud over $3.5bn deal in landmark ruling
Mark Johnson accused of being the ringleader of a group of 11 traders who defrauded Cairn Energy in a $3.5bn deal.
UK banks face probe over South African corruption amid FBI investigation of Zuma and Gupta
FCA to investigate whether UK lenders were involved in the scandal involving South Africa President Jacob Zuma and the Gupta family.
BNP Paribas, BNY Mellon, HSBC, ING and State Street join Finastra and R3 for DLT syndicated loans
Fusion LenderComm initiative also backed by Loan Syndications & Trading Association and TenDelta LLC
Utility Settlement Coin: A blockchain stepping stone to fiat digital currency
Six additional major banks have joined the Utility Settlement Coin project.
Pound recovers from 8-year low versus euro as some analysts predict parity
The British currency suffered its worst run against the common currency overnight on signs of a eurozone recovery.
HSBC and IBM develop cognitive intelligence solution to digitise global trade
IBM helps HSBC to automate processing of millions of documents used daily in international commerce.
Blockchain, big data and the value of global trade
Blockchain and data science experts talk about the hidden value of distributed ledger technology.
Eleven banks develop trade finance app on R3's Corda DLT platform
App built following twelve months of development and testing, holds potential to improve trade flows, particularly for SMEs in developing economies.
Android malware posing as software update could drain your bank account
'Marcher' banking Trojan uses 'overlay' tactics to steal your credentials - and its evolving.
Credit Suisse to cut 1,500 jobs in London due to mounting costs
The job cuts are part of restructuring drive that got underway at the bank in 2015.