HSBC considers paying ‘conservative’ 2020 dividend

HSBC mulls overhauling its business model to charge fees for current accounts and other services as profits slump due to rock-bottom rates HSBC saw pre-tax profit fall 36% to $3.1bn (£2.4bn) and revenues fall 11% in Q3  But it set aside less money for bad loans $785m compared to $3.8bn in Q2 The bank said … Read more

ASK TONY: Bitcoin con cost me £82,532 but HSBC refuses to refund me

Last summer I was tricked into transferring my life savings to criminals posing as cryptocurrency brokers.  My friends had told me that lots of people were investing in Bitcoin and doing very well, so I found an online firm claiming to offer Bitcoin and entered my details. I was then contacted by a number of … Read more

MARKET REPORT: Chinese ramp up stake in HSBC

MARKET REPORT: HSBC shares enjoy their best daily surge for more than a decade after Chinese investor ramps up stake in embattled bank By Matt Oliver For The Daily Mail Published: 22:21 BST, 28 September 2020 | Updated: 22:21 BST, 28 September 2020 HSBC shares enjoyed their best daily surge for more than a decade … Read more

HSBC to face class action over money laundering claims

As bank giant’s shares sink to new low, HSBC to face class action over money laundering claims By Helen Cahill And Adam Luck, Financial Mail On Sunday Published: 21:50 BST, 26 September 2020 | Updated: 21:57 BST, 26 September 2020 Two American law firms have started building class action law suits against HSBC and Standard … Read more

ALEX BRUMMER: Pandering to drug dealers and oligarchs

Bombshell revelations that a corrupt, money-laundering culture lies at the core of Britain’s biggest bank HSBC are a devastating reminder that the nation’s lenders have learnt nothing since the financial crisis of 2008 to 2009. Back then, the banks took us to the financial abyss by selling bad debt in vast quantities around the world, … Read more

HSBC faces legal action over dirty cash claims

HSBC warned it could be bombarded by legal claims after leaked files indicate bank allowed criminals to launder money By Daily Mail City & Finance Reporter Published: 22:00 BST, 21 September 2020 | Updated: 22:00 BST, 21 September 2020 HSBC has been warned it could be bombarded by legal claims after leaked files indicated the … Read more

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

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

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