London close: Stocks mixed as UK inflation holds steady
17th Jul 2024 12:28
(Sharecast News) - London stocks ended mixed on Wednesday as the latest inflation data came in slightly higher than anticipated, casting doubt on a potential interest rate cut in August.
Read moreHSBC appoints CFO Elhedery as new CEO
17th Jul 2024 07:30
(Sharecast News) - HSBC has announced that its finance chief George Elhedery will move into the chief executive officer position in September, replacing outgoing boss Noel Quinn.
Read moreHSBC set to reorganise investment banking division
10th Jul 2024 12:45
(Sharecast News) - HSBC is reorganising its investment banking division to mirror the structure of competitors like Citigroup, according to fresh reports on Wednesday.
Read moreHSBC fined £2.4m by Hong Kong's pensions regulator
8th Jul 2024 17:27
(Sharecast News) - HSBC has been fined HKD 24m (£2.4m) by Hong Kong's pension regulator, it was reported on Monday, for offering incentives to unauthorised agents to promote its Mandatory Provident Fund (MPF) scheme in 2020 and 2021.
Read moreLondon close: Stocks mixed as PM Starmer names his Cabinet
5th Jul 2024 16:35
(Sharecast News) - London's stock markets ended the week on a mixed note on Friday, after a subdued response to Labour's general election victory, although housebuilders and the more domestically-focussed FTSE 250 made gains.
Read moreUK banking customers hit by pay day IT glitches
28th Jun 2024 11:37
(Sharecast News) - A raft of UK banking customers were hit with payment delays on Friday, after a number of high street lenders suffered IT glitches.
Read moreHSBC UK customers unable to access online banking
28th Jun 2024 09:52
(Sharecast News) - Thousands of HSBC customers in the UK were unable to access their accounts online or via phone on Friday as the bank's system crashed.
Read moreHSBC Swiss unit breached money laundering rules, says watchdog
18th Jun 2024 13:31
(Sharecast News) - Switzerland's financial watchdog said HSBC's private bank in the country had breached its obligations in the prevention of money laundering in connection with two unnamed "politically exposed" persons.
Read moreHSBC fined £6.3m over treatment of customers in financial difficulty
23rd May 2024 12:53
(Sharecast News) - HSBC has been fined nearly £6.3m by the Financial Conduct Authority over its treatment of customers in financial difficulty.
Read moreLondon close: Stocks manage gains as BoE holds rates
9th May 2024 15:21
(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.
Read moreLondon close: Stocks follow Wall Street into the red
30th Apr 2024 17:08
(Sharecast News) - London markets closed in the red on Tuesday, turning weaker during the afternoon to mirror the decline in Wall Street equities, as investors monitored the start of the Federal Reserve's two-day policy meeting.
Read moreHSBC chief executive Quinn in shock departure
30th Apr 2024 07:03
(Sharecast News) - HSBC group chief executive Noel Quinn said he was retiring after nearly five years in the job, in a shock announcement on Tuesday.
Read moreLondon close: Stocks buoyed by banking, mining positivity
26th Apr 2024 16:35
(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.
Read moreCiti remains 'overweight' UK banks; HSBC and Barclays 'top picks'
23rd Apr 2024 07:59
(Sharecast News) - Citi said on Tuesday that it remains 'overweight' UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.
Read moreLondon close: Stocks slip ahead of ECB, US inflation print
9th Apr 2024 15:12
(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.
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