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HSBC axes 90% mortgages hitting first-time buyers

First-time buyers hit as HSBC axes 90% mortgages amid worries that a surge in demand ‘put property purchases at risk’ HSBC will temporarily suspend deals for borrowers with a 10 per cent deposit Most lenders pulled these deals earlier this year due to reduced staff numbers As of this morning there were just 62 90 … Read more HSBC axes 90% mortgages hitting first-time buyers

The Zoom BOOM: Company now bigger than HSBC and Lloyds put together 

The Zoom BOOM: Company nobody had heard of before Covid is now bigger than HSBC and Lloyds put together By Francesca Washtell For The Daily Mail Published: 22:16 BST, 1 September 2020 | Updated: 22:40 BST, 1 September 2020 A video conferencing company that few had heard of before lockdown is now worth more than … Read more The Zoom BOOM: Company now bigger than HSBC and Lloyds put together 

US officials blast HSBC over Hong Kong clampdown

US officials attack HSBC for its treatment of pro-democracy protesters in Hong Kong, and accuse China of ‘bullying’ the bank By Daily Mail City & Finance Reporter Published: 22:13 BST, 26 August 2020 | Updated: 22:54 BST, 26 August 2020 US officials have attacked HSBC for its treatment of pro-democracy protesters in Hong Kong, and … Read more US officials blast HSBC over Hong Kong clampdown

HSBC shoots down Bank of England’s optimism over the economy

HSBC shoots down Bank of England’s optimism over the economy predicting it will shrink by 10.3% in 2020 By Lucy White For The Daily Mail Published: 21:50 BST, 19 August 2020 | Updated: 21:50 BST, 19 August 2020 Britain’s biggest lender has taken issue with predictions from the Bank of England that the economy may … Read more HSBC shoots down Bank of England’s optimism over the economy

HSBC to clamp down on how much it will loan to borrowers buying flats

HSBC hits flathunters with loans clampdown: Bank set to insist on a 15% deposit – or 20% if buying a new-build By Victoria Bischoff Money Mail Editor For The Daily Mail Published: 21:50 BST, 13 August 2020 | Updated: 21:50 BST, 13 August 2020 HSBC is clamping down on how much it will loan to … Read more HSBC to clamp down on how much it will loan to borrowers buying flats

HSBC profits plunge by more than 82% as loans sour

HSBC profits sink by 82% as loans sour: Shares plunge to lowest levels since 2009 crisis By Lucy White For The Daily Mail Published: 22:03 BST, 3 August 2020 | Updated: 22:18 BST, 3 August 2020 HSBC profits plunged more than 82 per cent as the bank warned £10billion worth of loans could turn sour … Read more HSBC profits plunge by more than 82% as loans sour

BUSINESS LIVE: HSBC profits plunge; Hammerson in sale talks; Purplebricks reports revenue slide

BUSINESS LIVE: HSBC profits plunge; Hammerson in sale talks; Purplebricks reports revenue slide By This Is Money Published: 08:04 BST, 3 August 2020 | Updated: 08:09 BST, 3 August 2020    HSBC has reported a 65 per cent drop in pre-tax profit in the first half of the year as the UK’s largest bank was … Read more BUSINESS LIVE: HSBC profits plunge; Hammerson in sale talks; Purplebricks reports revenue slide

First-time buyers face rising mortgage costs as HSBC and TSB up high LTV rates

First-time buyers face rising mortgage rates as lenders hike rates on high loan-to-value loans HSBC, TSB and Skipton BS upped rates on high LTV mortgages last week  Those worst affected will be first-time buyers, who typically borrow 90% of value By Sarah Bridge for The Mail on Sunday Published: 22:30 BST, 1 August 2020 | … Read more First-time buyers face rising mortgage costs as HSBC and TSB up high LTV rates

Can HSBC prevail as it is squeezed by the superpowers

HSBC has survived more than 150 years of turmoil but can it prevail this time as it is squeezed by the superpowers By Alex Brummer for the Daily Mail Published: 00:25 BST, 29 July 2020 | Updated: 01:03 BST, 29 July 2020 The Hong Kong & Shanghai Banking Corporation ( HSBC), the UK’s biggest bank, … Read more Can HSBC prevail as it is squeezed by the superpowers