HSBC

The financial giant also noted that the move was aimed at simplifying its internal operations and focusing on its current key strengths.

The summit, jointly hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aims to position the UK as a leading global business destination and attract billions of pounds in strategic investments.

HSBC, headquartered in London but primarily focused on the Asian market, announced pre-tax profits of $7.7 billion (£6.4 billion) for the third quarter spanning from July to September.

The UK bank is bringing a ban on cryptocurrency purchases due to an "increase in fraud and scams related to crypto assets".

UK Export Finance secures a £50 million loan for Trifast's global expansion, driving innovation in industrial fastenings and uplifting partnerships, export growth, manufacturing support, innovation and economic development.

UK formally joins CPTPP trade group, opening doors to new opportunities for British businesses with reduced tariffs and increased investment.

HSBC's return to the mortgage market amid rate adjustments reflects a turbulent landscape and changing economic conditions.

The banks named in the recent report are Royal Bank Of Canada, HSBC, Deutsche Bank, Citi and Morgan Stanley. These banks allegedly participated in a series of one-to-one conversations in chatrooms, where they divulged sensitive information to traders.

The U.K. Treasury, which facilitated the transaction alongside the Bank of England, said in a statement that the deal would protect the deposits of SVB U.K. clients.

The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal ?1 ($1.2) in a rescue deal, the government and HSBC announced Monday.

British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates paid to long-suffering savers threaten to outpace flatlining profit margins, senior industry executives and analysts said.

HSBC HSBA.L> said it still expects to complete the sale of its Russia business in first-half 2023, in the most significant update on the progress of the deal since it said in July 2022 it had agreed to sell the unit to local lender Expobank.

HSBC, its online arm First Direct, and Metro Bank have joined a fraud-reporting hotline as the cost of living crisis increases the number of financial scams, an industry body said on Tuesday.

HSBC has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the region, a memo to staff seen by Reuters showed.

China's Ping An Insurance Group defended its call to spin off HSBC's Asia business, saying it cared about investment returns from its large stake in Europe's biggest bank but was not an activist investor.

Chinese insurer Ping An Insurance Group believes HSBC has overstated the challenges and difficulties of spinning off the bank.

HSBC has appointed Patrick Boumalham as its new global head of wealth sales within its markets division.

HSBC bank on Monday said pre-tax profit fell in the first half, and appeared to rebuff calls to spin off its Asian activities on the eve of a key shareholder meeting.

HSBC pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the lender.

European shares edged up on Monday as a jump in banking stocks after HSBC's strong results offset fears of a global economic slowdown.

The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan's largest pension manager to run Asia's first climate change-focused fund worth a total $2.3 billion in assets.

The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer "too big to fail" in any future crisis, though it found shortcomings at three major banks.

The mood in Asia was more downbeat compared with earlier in the week.

HSBC's announcement angered business and political circles in Britain, which returned the former colony to Chinese rule in 1997.

It faces uncertainties caused by the grinding US-China trade war, Britain's departure from the European Union and now the deadly new coronavirus in China.

The new HSBC CEO has plans to axe some 4,000 jobs, primarily away from its more profitable businesses within the Greater China region.

The job cuts will be confined to senior roles and meant to save 4 percent of the bank's wage costs.

There are broad areas of human skills that artificial intelligence cannot replicate.

The benefits of angel investing as a two way street – a give and take dynamic.

A recent study found that most customers, including millennials, still prefer having a physical branch nearby.