Hsbc

HSBC has released its 2022 H1 results and reported profit after tax of $9.2 billion (£7.5bn). Pre-tax profit has fallen but has come ahead of expectations. The bank has said it expects net interest income of at least $31bn (£25bn) for 2022 and at least $37bn (£30bn) for 2023,

East Kilbride-based e-commerce business Dimensions Scotland has secured £522.5,000 from HSBC UK to purchase a new warehouse after demand for its services grew significantly during the pandemic. Dimensions partners with its customers by providing outsourced storage and order fulfilment services

M&D Green Group, an independent, family-owned Glasgow-based pharmacy group has secured eight-figure funding from HSBC UK to support its ambitious acquisition strategy. The Glasgow-headquartered group has secured an eight-figure credit facility from HSBC UK to enable the business to make five str

HSBC UK has launched a £15bn lending fund today for small and medium sized businesses with £1 billion ring-fenced to support local economies, employment opportunities and drive growth across Scotland. Whilst concerns about the broader market remain, HSBC said its customers are thinking a

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.

South West Scotland’s first Pepe’s Piri Piri restaurant is set to open on 15th March thanks to a six-figure funding package from HSBC UK secured by franchisee Adnan Manzoor.

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.

Commercial property and investment firm HFD Property Group has agreed terms with HSBC UK to refinance its flagship 177 Bothwell Street development in Glasgow.

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.