Hsbc

Mortgages are in such short supply that UK banks have begun encouraging prospective buyers to secure them in online “fire sales”.

M&D Green Group, one of Scotland’s largest independent pharmacy operators, has acquired a new store in Musselburgh using seven-figure financial backing support from HSBC UK.

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.

The price of gold has reached an all-time high as tensions build between the United States and China while coronavirus infection rates increase once more.  

HSBC has lifted the three-month pause on its restructuring plan which will see the bank cut up to 35,000 jobs.  

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.

A family-owned transport business Migdale Transport, which is based in Bonar Bridge, Sutherland, has purchased a new vessel, creating 14 new jobs for the region, following a £13.5 million loan and asset financing deal with HSBC UK. The firm, which specialises in the transport of live fish acro

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.

Muthill-based FIMM Potatoes, which supplies table and seed potatoes to the UK, Europe, North Africa and the Middle East, is modernising its operating processes after securing £1 million in support from HSBC UK.

Following growing criticism, high street banks have backtracked on loan requirements which insisted that business owners provide personal guarantees for government-backed loans.

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

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

Scottish entrepreneur Liz Watson has purchased her first business in East Kilbride using a six-figure funding package from HSBC UK. Ms Watson established a new company, Redloan Holdings, to purchase The Mobility Centre from original owners Susan and Stephen Laughlin who have now retired. T

HSBC will close a further 27 branches this year due to an increase in customers moving to online and digital banking.

HSBC has revealed a new radical restructuring plan which will see the bank cut 35,000 jobs as the company saw pre-tax profits drop by 33%.