Hsbc

HSBC Holdings plc has appointed Georges Elhedery as group chief executive, taking effect from 2 September 2024. HSBC Group chairman, Sir Mark Tucker, said: “I am delighted to confirm Georges as the next HSBC group chief executive.

Nearly nine in ten (87%) 16-24 year olds have a savings account – more than any other age group, according to new data from HSBC UK.

The Financial Conduct Authority (FCA) has imposed a £6,280,100 fine on HSBC, adding to the already £185 million that the bank has paid out in compensation to 1.5 million customers.

Glasgow-based Joup Group has received a funding package worth seven-figures from HSBC UK, facilitating its acquisition of three existing stores and the launch of a further six Pret a Manger franchise locations across Scotland.

A flagship Black Sheep Coffee franchise will open at Haymarket Square thanks to a six-figure funding package from HSBC UK.

An Edinburgh-based independent convenience retailer has installed solar panels at its Newbridge headquarters thanks to £300,000 funding from HSBC Equipment Finance.

HSBC Group has increased its CEO Noel Quinn's pay package to £10.6 million, almost doubling his earnings from the previous year, despite a Q4 profit drop. The hit came from the bank's exposure to China's real estate downturn, resulting in a 78% decline in quarterly profits, falling to $1 billi

HSBC has been slapped with a £57.4 million fine by the Bank of England's Prudential Regulation Authority (PRA) for "serious failings" in safeguarding customer deposits over a seven-year period from 2015 to 2022. This marks the second-largest fine ever imposed by the PRA. The initial fine 

Glasgow-based workwear and safety equipment company Suresafe has invested in new machinery following a £1.2 million funding package from HSBC UK.

Responsible investor Downing LLP’s Property Finance Team has received a £75 million sustainability-linked facility from HSBC. Complementing the significant retail and institutional capital which Downing already has and is looking to deploy into the space, the additional funding will allo

HSBC has become the first bank to offer tokenised gold to customers. The bank has revealed a platofrm that utilises distributed ledger technology to tokenise the ownership of institutional clients’ physical gold held in the bank’s London vault.

Nevis Range, a highlands mountain range resort, has witnessed its profits surge by 55% following a £1 million investment package from HSBC UK.

HSBC, which accounts for nearly a quarter of the home loans market, has withdrawn all of its residential, buy-to-let and business mortgage deals.

A third (36%) of UK businesses plan to adapt their strategies to navigate financial challenges over the next six months, according to new research from HSBC UK.

Margiotta, a family-run independent convenience retailer in Edinburgh, is poised to grow its footprint, backed by a £725,000 investment from HSBC UK.