Hsbc

Inverness-based Meallmore Ltd has secured a £41 million funding package from HSBC. The firm, which is one of Scotland's largest independent care home operators, will use the funding to purchase two new sites for future development and refurbish some of its 25 homes across Scotland.

The University of Edinburgh has invested £5 million in green projects after becoming the first university in the UK to sign up to HSBC’s new green deposits programme. The Green Deposits programme enables organisations to invest directly in green projects that promote the transition to a

HSBC has indicated that it could charge for some current accounts as the banking industry anticipates the introduction of negative interest rates.  Yesterday, the bank said it was assessing whether to charge for basic banking services in some countries. 

The Isle of Harris Distillery has been supported with a £750,000 CBILS loan from HSBC UK to help mitigate the potential impacts of lockdown and refocus on international growth.

Galashiels-based timber harvesting contractor Dick Brothers Forestry has secured £300,000 in asset financing from HSBC UK to purchase the UK’s first, and the world’s fastest, timber forwarder.

Edinburgh-based waste management business NWH Group has invested in a £2 million recycling super plant that will save 20,000 tonnes of industrial waste from going into landfill each year with asset financing from HSBC UK.

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

HSBC has halted issuing COVID-19 loans to new business customers as it struggles to meet the demand for Government-backed financial support.

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