Hsbc

HSBC has seen its reported profits after tax drop by $1.1 billion to $3.4bn in the first quarter of 2022. The bank's reported profit before tax also plummeted by $1.6bn to $4.2bn. HSBC said that the decrease reflected a net charge for expected credit losses and other credit impairment charges in the

HSBC UK has revealed that it will close 69 branches across the UK, including two in Scotland. The two Scottish branches set to close are in Perth on 26 July, and in Inverness on 27 September.

Scottish offshore support vessel specialist Sentinel Marine has taken delivery of a new Multi-role Offshore Support Ship following a £62,000,000 refinancing package, equally split between HSBC Equipment Finance Ltd (HEF) and Clydesdale Bank.

A fish processing business in the north of Scotland has received an eight-figure funding package from HSBC UK, backed by UK Export Finance (UKEF), as it sets its sights on new international markets. Peterhead-based Denholm Seafoods, which champions Scotland’s high-quality, sustainable seafood,

Scottish pharmacy group Rightdose Pharmacy has acquired a new store in Liverpool as part of its UK-wide growth strategy, following a seven-figure funding deal from HSBC UK. The Glasgow-headquartered pharmacy group operates six community pharmacies across Scotland and launched an online service in 20

HSBC UK has announced the launch of a £500 million Green SME Fund as part of its commitment to support businesses of all sizes to transition and thrive in a low carbon economy. This follows HSBC’s global commitment to provide between $750 billion and $1 trillion of financing and investme

Puremalt, a Haddington-based malt ingredient supplier, has agreed a £7 million funding package with HSBC to expand its grain-processing capacity by building new facilities. The funding will be used to build a new brewhouse.

The Financial Conduct Authority (FCA) has fined HSBC £63,946,800 for failings in its anti-money laundering processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC&

Business leaders are confident about both domestic and international growth, despite supply chain disruption and the lingering threat of Covid-19, according to new research from HSBC.

A sustainable Scottish distillery has secured £2.6 million from HSBC UK to support the building of its new visitor centre, creating around 30 new jobs in the Angus area.

HSBC has seen its profits after tax rise by $5.3 billion to $8.4bn in the first half of 2021. The lender has also posted profits before tax of £10.8bn, up $6.5bn from the same period in 2020.

HSBC is trialling Zoom-free Friday afternoons for some of its staff in an attempt to tackle working from home fatigue and burnout during the COVID-19 pandemic. Industry insiders have said that HSBC’s UK bank is piloting the move as part of a task force looking at the future of work for employe

Scottish family-run fresh produce, farming and haulage business Stewarts of Tayside has invested in new machinery to significantly boost the scale and quality of its production, following six-figure backing from HSBC UK.

HSBC is set to cut its office space by nearly half over the next few years in anticipation of the long-term workplace changes caused by the COVID-19 pandemic. The bank, which is Europe's biggest, will abandon 40% of its offices in London and other cities around the world but keep its headquarters in

Ewen Stevenson, the chief financial officer of HSBC will donate the first year of his pay increase to charity, according to the bank's annual results.  Mr Stevenson is set to receive a £147,000 pay rise, increasing his base salary to almost £1.1 million. HSBC's annual results state