The Latest Breaking News from HSBC

Watch as Bank of England governor Andrew Bailey speaks to the Treasury committee about Silicon Valley Bank (SVB) after its £1 rescue by HSBC.

More than 5,000 branch closures have been announced since January 2015 by banks and building societies

Nationwide, Santander, NatWest, Barclays and Lloyds are also among the banks shutting several branches this year, with Newcastle, North Tyneside, South Tyneside and Durham affected

Minority shareholder Ken Lui leads campaign seeking to split bank’s Asian and western businesses

Man behind 'Bank of Dave' offers to buy UK arm of SVB off HSBC for £1 - double the amount bosses paid for it - as he slams global financial system

Stagecoach Performing Arts was acquired following a six-figure funding package for HSBC UK

The banking sector is currently experiencing great strain, which has resulted in several bank bailouts – most recently UBS’ deal to buy its Swiss competitor Credit Suisse following a collapse in confidence in the latter. HSBC’s acquisition of the UK arm of the collapsed Silicon Valley Bank the previous week…

Interest rate rises look less likely as turmoil continues in financial sector as wider markets find support

FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders

Workers reported to have received payouts from ‘modest’ pool of £15m-£20m following takeover deal by HSBC

In a matter of hours, investors, founders, industry volunteers, and government worked together to make sure 40% of their startups don’t go under.