Monese has borrowed funds from Pockit as HSBC writes down its investment, highlighting financial challenges and strategic shifts.The fintech company Monese has resorted to borrowing from…
The pound sterling soared to its highest level in two years, achieving $1.33 following the Bank of England’s decision to hold interest rates steady. This unexpected…
HSBC has been fined £57.4m for failing to protect customer deposits. The Bank of England’s Prudential Regulation Authority (PRA) ruled that between 2015 and 2022 the…
HSBC has announced a major restructuring plan, resulting in significant job cuts across its UK branches.The reorganisation will lead to the closure of numerous branches, affecting…
UK financial group HSBC Holdings Plc (LON:HSBA) on Thursday said it had agreed to dispose of its general insurance operations in Macau to QBE Insurance (International)…
UK financial major HSBC Holdings plc (LON:HSBA) said Wednesday that fully-controlled unit HSBC Insurance (Singapore) Pte Ltd had inked an accord to sell its group term life…
UK financial services major HSBC Holdings Plc (LON:HSBA) has increased its interest in Irish oil and gas exploration and appraisal firm Providence Resources Plc (LON:PVR) to…
UK financial giant HSBC Holdings plc (LON:HSBA) said Tuesday it had agreed to sell HSBC Bank (Panama) SA to Colombian lender Bancolombia SA (NYSE:CIB) for USD2.1bn (EUR1.6bn)…
Indian life insurers HDFC Life, Birla Sun Life and ICICI Prudential Insurance Co are considering a potential deal for the local life insurance joint venture of…
