Hsbc

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. The closures, which will leave HSBC with 511 branches across the UK, will take place between April and September, with the bank pl

HSBC has warned that it could close accounts for customers who refuse to wear masks in its bank branches. The bank called for customers to respect the law that made wearing face coverings in its branches mandatory to stop the spread of COVID-19.

First time buyers in the UK will be boosted by the reintroduction of HSBC's 10% deposit mortgages this week. The bank pulled out of the market due to overwhelming demand for such deals in September.

Two north-east families have invested £2 million to launch Scotland’s first dedicated gluten free oat plant in Aberdeenshire. The 1,000sq metre Oat Co. Scotland facility has been built at Enerfield Business Park, near Foveran, which lies within the 30-mile Energetica corridor between Abe

Inverness-based Meallmore Ltd has secured a £41 million funding package from HSBC. The firm, which is one of Scotland's largest independent care home operators, will use the funding to purchase two new sites for future development and refurbish some of its 25 homes across Scotland.

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. The Green Deposits programme enables organisations to invest directly in green projects that promote the transition to a

HSBC has indicated that it could charge for some current accounts as the banking industry anticipates the introduction of negative interest rates.  Yesterday, the bank said it was assessing whether to charge for basic banking services in some countries. 

The Isle of Harris Distillery has been supported with a £750,000 CBILS loan from HSBC UK to help mitigate the potential impacts of lockdown and refocus on international growth.

Galashiels-based timber harvesting contractor Dick Brothers Forestry has secured £300,000 in asset financing from HSBC UK to purchase the UK’s first, and the world’s fastest, timber forwarder.

Edinburgh-based waste management business NWH Group has invested in a £2 million recycling super plant that will save 20,000 tonnes of industrial waste from going into landfill each year with asset financing from HSBC UK.

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. Coffeepots, owned by Pat Dunese and Colin Wilson, expects to create 25 new jobs when the latest outlet opens e

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

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

M&D Green Group, one of Scotland’s largest independent pharmacy operators, has acquired a new store in Musselburgh using seven-figure financial backing support from HSBC UK.

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.