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HSBC’s pre-tax profits fell by nearly a third to $6.3 billion (c. £4.7bn) in the second quarter, missing analyst forecasts as the bank absorbed charges on its Chinese investments and the costs of a major restructuring programme. The results sent shares in the lender down by more than 4%

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The UK's strict new age verification rules can be bypassed using popular video games, Internet users have found. Thousands of websites and online platforms now require users based in the UK to verify their age before accessing adult content, following the commencement of key provisions in the Online

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Wbg has appointed former Tesco Bank chief Benny Higgins as its new chairman to spearhead an ambitious national growth strategy. Currently chairman of Glasgow-based investment firm N4 Partners, whose seven-figure investment last year made it the majority shareholder of Wbg, Mr Higgins succeeds Lorna

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