HSBC and Lloyds to offer £5 notes in more ATMs

Posted by Kim Newbold on 10th Sep 10

Following an announcement by HSBC that it would be stocking more of its ATM machines with £5 notes, Lloyds TSB has said that it too will be installing more machines capable of giving out the smaller denomination bank notes. Last week HSBC increased the number of ATMs by 210; meaning customers around the country can [...]

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UK banks’ recovery may not be sustainable

Posted by Kim Newbold on 27th Aug 10

Government stimulus packages and a general improvement in the country’s economy are the reasons banks have been able to turn their fortunes around, according to bosses at Standard and Poor (S&P), not the banks’ management. The rating agency warned that the good performance may not be sustainable and new policies implemented by banks’ bosses may [...]

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HSBC defends bonus payouts

Posted by Rob Jones on 3rd Aug 10

The banking sector’s habit of spending large amounts of money on rewarding employees continues as HSBC sets aside £1.6 billion for its investment bankers. The global banking giant has just posted its pre-tax profits for the first half of the year. Profits are up by 121 per cent. Thanks to an increase in commercial banking [...]

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European banks to be given stress tests

Posted by Lucy Walters on 8th Jul 10

The Committee of European Banking Supervisors has published a list of banks which it says should be given a test to assess whether they are in a strong enough position to withstand future financial shocks. Included on the list of 91 institutions the European Union says should be tested are Britain’s big-four: Barclays, Lloyds, HSBC [...]

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India is chasing Hong Kong as HSBC’s largest life insurance market. The bank predicts that India will soon be its largest business premium market in the Asia-Pacific region. Harpel Karlcut, chief executive of Canara HSBC Life Insurance, said that because of the size of India’s population, there was no reason why the country should not [...]

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Investors in Madoff scheme to be reimbursed by European banks

Posted by Michael Bond on 26th May 10

HSBC is one of around 20 European banks that have agreed to pay back investors outside of the US approximately $15.5 billion lost to Bernard Madoff’s Ponzi scheme. Javier Cremades, president of Cremades & Calvo-Sotelo, a Madrid based legal firm which has been pursuing complaints by investors in the Madoff scheme, confirmed that lenders in [...]

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Commercial Landlords Warned by HSBC

Posted by Michael Bond on 4th Dec 09

Over the last year the financial crisis in the world has gotten worse and banks have been at the center of the problem.  Many were forced under after bad mortgage loans led to billions in unpaid debt.  Even though some in the banking industry were bailed out by government stimulus packages, the United Kingdom remains [...]

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No Refund for HSBC Customers

Posted by Steven Allen on 1st Dec 09

The global recession has had varying effects on businesses as well as individuals in the United Kingdom.  While some businesses have gone under, others have had to look for new and innovative ways to keep profits coming in and keep the debt collectors away.  The same goes for individuals, who have had to look for [...]

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Banker Kills his Cheating Wife

Posted by Kim Newbold on 15th Oct 09

A prominent city banker was convicted of killing his wife after hundreds of hours of recorded telephone conversations revealed that she was being unfaithful.  Neil Ellerbeck, the chief investment banker at HSBC, was convicted of manslaughter rather than murder when the judge found that his crime lacked intent, and that he didn’t plan the murder [...]

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