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The Latest Breaking News from HSBC

London (AFP) - HSBC on Friday comfortably defeated an activist proposal supported by its largest stakeholder, the Chinese insurer Ping An, that sought to split the bank in a search for better returns.

AFP

HSBC investors reject plan to split bank in meeting disrupted by climate protest

Majority of shareholders reject proposal to spin off Asian operations, after hour of disruption from campaigners

The Guardian - UK

HSBC seeks to keep bank intact as shareholders vote on split

London (AFP) - HSBC faced a vote by shareholders Friday over an activist proposal supported by the bank's largest stakeholder, Chinese insurer Ping An, to split the business as they seek better returns.

AFP

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Filipino activists appeal to British banks over region devastated by oil spill

Environmentalists from the Philippines urge investors to avoid LNG projects which they say threaten the Verde Island Passage

The Guardian - UK

Hong Kong rises as Europe, US attempt rebounds

Hong Kong (AFP) - Hong Kong stocks finished higher on Friday as major markets elsewhere attempted a rebound following a day of losses driven by interest rate hikes and a banking sector sell-off.

AFP

HSBC faces shareholder vote on splitting bank

London (AFP) - Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business to seek better returns.

AFP

Full list of 76 bank branches closing this month - including HSBC, TSB, Halifax, Barclays and NatWest

Banks are opting to shut down large chunks of their branches as they begin to move focus towards online banking

Manchester Evening News

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Edinburgh and East Lothian branches among 13 bank closures across Scotland

Both the Bank of Scotland and the Royal Bank of Scotland are set to close branches in the capital or East Lothian. Around 13 banks will close physical stores in Scotland this summer.

Edinburgh Live

Full list of bank closures in Scotland as 13 more branches set to shutter

Further branch closures will be seen across six major banks in Scotland.

Daily Record

HSBC profit rockets on rising interest rates

London (AFP) - Global banking giant HSBC reported Tuesday a surge in quarterly net profit, boosted by rising interest rates and its rescue of the UK arm of failed US lender Silicon Valley Bank.

AFP

HSBC reveals plans to rename Silicon Valley Bank UK as profits soar

HSBC boss Noel Quinn laid out a fresh vision for the development of SVB UK after it bought the beleaguered bank for £1 in March.

Evening Standard

HSBC rules out banking crisis as profits triple after Silicon Valley Bank deal

Failure of four banks in six weeks is purely a sign of poor risk management, says chief executive

The Guardian - UK

Sportswear brand Castore eyes sales of $250m after new kit deals fuel expansion

Castore's shareholders include Andy Murray and the billionaire Issa brothers

Birmingham Post

UK house prices rise after seven months of falls; Uber revenues jump; eurozone inflation rises to 7% – as it happened

Nationwide reports that UK house prices shows ‘signs of stabilisation’ in April, rising unexpectedly by 0.5%

The Guardian - UK

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Evening Standard

FTSE 100 Live: FCA unveils new rules to make London listings more attractive

The FTSE 100 index today regained lost ground during a busy session for blue-chip updates.

Daily Mirror

Full list of 76 bank branches that will shut FOREVER this month including HSBC, Halifax & TSB

According to Which? since 2015 over 5,500 bank and building society branches have shut their doors as more people shift to online services to manage their money

The Guardian - UK

How war in Taiwan could mean the wheels come off the UK economy

Microchips are an issue, of course, but China also makes the alloy wheels our cars mostly roll on. And what about TikTok?

Daily Mirror

Nationwide, Barclays, HSBC, Santander: Best and worst banks based on switches this year

The latest current account switch data is in from Pay.UK - but where are people switching to, and which banks are being ditched? See the full list below and tell us what you think

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Financial Times

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

Chronicle Live

Full list of all banks closing in the North East this year - including The Galleries, Washington

Latest closures announced by Barclays means there will be a total of 15 banks closing in the North East this year so far

Daily Record

Great-gran scammed out of £21k gets cash back after daughter hears radio ad

Dorothy Baker, 81, was duped out of money by sophisticated fraudsters as she payed 'postage' for the 'coronavirus test' which never arrived.

The Guardian - UK

Allowing Silicon Valley Bank UK to fail would have caused domino effect, FCA suggests

Regulator’s chief executive, Nikhil Rathi, outlines to MPs what led to HSBC’s takeover of the bank for just £1

The Independent UK

Banks apologise to customers following disruption to services on Tuesday

Both First Direct and HSBC UK have apologised after issues with their services on Tuesday morning.

Daily Mirror

Great-gran scammed out of £21k gets money back after daughter happens to hear radio ad

Dorothy Baker, 81, was duped out of money by sophisticated fraudsters as she payed 'postage' for a supposed coronavirus 'test' which never arrived - bu

Nottingham Post

Nottingham grandma loses £21,000 in fake Covid warning message scam

She payed for 'postage' but the test never arrived

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