Hsbc

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Coffeepots, a Costa Coffee franchise in Cumbernauld, is resuming plans to build the town's first drive-through coffee shop after securing a £600,000 financing facility from HSBC. Coffeepots, owned by Pat Dunese and Colin Wilson, expects to create 25 new jobs when the latest outlet opens e

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Glasgow-based fashion company Quiz has agreed two months of breathing space with HSBC after agreeing an extension of its existing banking facilities from £1.75 million to £3.50m.

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HSBC has announced that its profits before tax have dropped by 48% to $3.2 billion as the coronavirus pandemic wreaks havoc on the global economy.

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Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

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Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks. The call, adds to the mounting pressure on the bank's governor, Andrew Bailey, to force banks to scrap payout pl

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The impact of the COVID-19 outbreak has forced HSBC to delay its restructuring plans announced earlier this year.

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