HSBC to downsize office space by 40%

HSBC is set to cut its office space by nearly half over the next few years in anticipation of the long-term workplace changes caused by the COVID-19 pandemic.

Published 24 February 2021

HSBC CFO Ewen Stevenson to donate first year of pay increase to charity

Ewen Stevenson, the chief financial officer of HSBC will donate the first year of his pay increase to charity, according to the bank's annual results. 

Published 23 February 2021

HSBC announces 82 UK branch closures

HSBC has announced that will close 82 branches in the UK this year as the COVID-19 pandemic exacerbates the move away from in-person banking and towards digital methods.

Published 20 January 2021

HSBC threatens to close accounts of customers who refuse to wear masks in bank branches

HSBC has warned that it could close accounts for customers who refuse to wear masks in its bank branches.

Published 14 January 2021

HSBC to reintroduce low-deposit mortgages

First time buyers in the UK will be boosted by the reintroduction of HSBC's 10% deposit mortgages this week.

Published 11 January 2021

Scotland's first gluten free oat plans launched with £2m investment

Two north-east families have invested £2 million to launch Scotland’s first dedicated gluten free oat plant in Aberdeenshire.

Published 22 December 2020

Meallmore Ltd secures £41m funding package from HSBC

Inverness-based Meallmore Ltd has secured a £41 million funding package from HSBC.

Published 15 December 2020

University of Edinburgh invests £5m in green projects after joining HSBC programme

The University of Edinburgh has invested £5 million in green projects after becoming the first university in the UK to sign up to HSBC’s new green deposits programme.

Published 27 November 2020

HSBC plans charges for current accounts as banks anticipate negative rates

HSBC has indicated that it could charge for some current accounts as the banking industry anticipates the introduction of negative interest rates. 

Published 28 October 2020

Coffeepots secures £600,000 funding from HSBC

Coffeepots, a Costa Coffee franchise in Cumbernauld, is resuming plans to build the town's first drive-through coffee shop after securing a £600,000 financing facility from HSBC.

Published 14 October 2020

HSBC pulls pandemic loans for new customers after demand soars

HSBC has halted issuing COVID-19 loans to new business customers as it struggles to meet the demand for Government-backed financial support.

Published 2 October 2020

TSB joins banks holding 'fire sales' for new homes

Mortgages are in such short supply that UK banks have begun encouraging prospective buyers to secure them in online “fire sales”.

Published 11 September 2020

Quiz granted breathing space until the end of October

Glasgow-based fashion company Quiz has agreed two months of breathing space with HSBC after agreeing an extension of its existing banking facilities from £1.75 million to £3.50m.

Published 14 August 2020

Gold prices hit record high amid virus fears and China tensions

The price of gold has reached an all-time high as tensions build between the United States and China while coronavirus infection rates increase once more.

Published 28 July 2020

HSBC restarts plan for 35,000 job cuts after three month delay

HSBC has lifted the three-month pause on its restructuring plan which will see the bank cut up to 35,000 jobs.  

Published 18 June 2020