Hsbc

Coinciding with its announcement of a better-than-expected 10% rise in pre-tax profits to $8.5 billion (c. £6.6bn) during Q3 2024, HSBC's CEO, Georges Elhedery, has dismissed speculation that the bank's recent restructuring signals a potential breakup. The restructuring, announced last week, w

A Caithness-based distiller will transform a historic grain mill into a whisky distillery having acquired the site supported by a £2 million funding package from HSBC UK. Situated at the west end of Dunnet Bay, the Castletown Mill is a large, traditional stone-built water-powered grain mill, w

A family-run recycling and waste management group is set to more than triple the volume of material it recycles thanks to a seven-figure backing from HSBC Equipment Finance UK.

HSBC Group has announced a further $4.8 billion (c. £3.7bn) payout to shareholders, comprising a $3bn (c. £2.3bn) share buyback and $1.8bn (c. £1.4bn) in dividends. This comes as the bank reported a 1.5% increase in pre-tax profit to $8.9bn (c. £6.9bn) for the second quarter.

HSBC Holdings plc has appointed Georges Elhedery as group chief executive, taking effect from 2 September 2024. HSBC Group chairman, Sir Mark Tucker, said: “I am delighted to confirm Georges as the next HSBC group chief executive.

A new survey by HSBC UK reveals Scots are more confident about their debt management knowledge than the rest of the UK, as 72% of Scottish respondents understand debt consolidation, exceeding the UK average. In Glasgow, this figure rises to 76%, demonstrating a strong awareness of financial options.

Nearly nine in ten (87%) 16-24 year olds have a savings account – more than any other age group, according to new data from HSBC UK.

The Financial Conduct Authority (FCA) has imposed a £6,280,100 fine on HSBC, adding to the already £185 million that the bank has paid out in compensation to 1.5 million customers.

Glasgow-based Joup Group has received a funding package worth seven-figures from HSBC UK, facilitating its acquisition of three existing stores and the launch of a further six Pret a Manger franchise locations across Scotland.

A flagship Black Sheep Coffee franchise will open at Haymarket Square thanks to a six-figure funding package from HSBC UK.

An independent brewery based in Aberdeen has secured a six-figure funding package from HSBC UK, enabling its expansion across the UK

One of Scotland’s largest independent care home operators is expanding following a £63 million funding package from HSBC UK.

An Edinburgh-based independent convenience retailer has installed solar panels at its Newbridge headquarters thanks to £300,000 funding from HSBC Equipment Finance.

HSBC Group has increased its CEO Noel Quinn's pay package to £10.6 million, almost doubling his earnings from the previous year, despite a Q4 profit drop. The hit came from the bank's exposure to China's real estate downturn, resulting in a 78% decline in quarterly profits, falling to $1 billi

HSBC has been slapped with a £57.4 million fine by the Bank of England's Prudential Regulation Authority (PRA) for "serious failings" in safeguarding customer deposits over a seven-year period from 2015 to 2022. This marks the second-largest fine ever imposed by the PRA. The initial fine