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The Latest Breaking News from HSBC

Free £175 cash as UK bank offers incentive for account switch

The bank promises it's easy

Nottingham Post

List of 31 businesses offering up to £2,000 cost of living bonuses or pay rises

From £2,000 bonuses to 2% pay rises, find out if your employer is offering support amid rising costs and how this compares to other businesses

Daily Mirror

First Direct is offering free £175 cash if you switch your bank account

The cash bonus is available to all new customers who switch their current account to the First Direct 1st Account through the Current Account Switch Service (CASS)

Daily Mirror

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UK bank says it will give people £175 free cash if they switch accounts

Here's how you can get your hands on the free money

Wales Online

Thousands of bank workers to get £1,200 cost of living bonus from October

It comes as household bills are predicted to rise above £5,000 by January

Manchester Evening News

Nationwide to pay thousands of its staff members £1,200 cost of living bonus

The high street building society is the latest employer to offer its workers a cost of living support payment as families struggle with high bills

Chronicle Live

UK bank says it will give people £175 cash for free

Here's how you can get your hands on the money

Liverpool Echo

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Nationwide are offering £1,200 cost of living bonus to thousands of workers

The company is the latest to give employees an extra payment amid soaring energy costs and inflation.

Daily Record

Thousands of Nationwide workers to get £1,200 cost of living bonus from October

Nationwide is the latest large employer to offer its workers a payment to support households as costs soar- find out who is entitled and what other companies are offering similar payments

Daily Mirror

Benzinga Before The Bell: iPhone 14 Might Be Costlier, Coinbase Face Another SEC Probe, Binance Sees Crypto User Growth And Other Top Financial Stories Thursday, August 11

Reuters Binance Says Worldwide Inflation Is Driving Crypto User Growth

Benzinga

Ping An insists splitting HSBC would increase bank’s value

The Chinese shareholder has accused HSBC executives of exaggerating the downfalls of separating off the Asian business

The Guardian - UK

Martin Lewis shares how to get £160 free amid cost of living crisis

MoneySavingExpert co-founder Martin Lewis has shared how people can get up to £160 free from banks as the cost of living crisis continues to worsen for people across Scotland

Edinburgh Live

Why do UK banks seem so optimistic despite the cost of living crisis?

Analysis: High street lenders have shrugged off their concerns, announcing payouts for investors

The Guardian - UK

HSBC follows Lloyds and Barclays and is giving some staff members £1,500

The cost of living payment comes at a time when bills are skyrocketing for UK households

Manchester Evening News

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AFP

Stock markets waver, oil prices sink

London (AFP) - Stock markets diverged on Monday as investors track a raft of corporate earnings reports while oil prices sank over concerns about Chinese demand.

Daily Mirror

HSBC to give £1,500 cost of living bonus to lowest-paid workers to help with rising bills

The bank has joined a list of businesses that are offering one-off bonuses to help support their staff during the cost of living crisis as inflation hits 40-year record highs

Benzinga

Benzinga Before The Bell: Alibaba's Delisting Concerns, Amgen's Potential $10.7B Tax Bill, Kenya Will Not Shut Facebook Services And Other Top Financial Stories Monday, August 1

CNBC

AFP

European equities drift higher after Asian gains

London (AFP) - European equities drifted higher Monday after Asian gains, as investors tracked the latest corporate and geopolitical news.

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Wales Online

HSBC gives £1,500 to lowest-paid workers but says job cuts are 'inevitable'

The money will land in August pay packets

AFP

HSBC H1 pre-tax profit falls, dismisses calls for split

Hong Kong (AFP) - 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.

The Guardian - UK

HSBC boss hits back at calls for breakup of business from investor

Noel Quinn says such a move would come with ‘material costs’ and ‘high risk of failure’

Evening Standard

HSBC sets course for return to quarterly dividend payments

The London-listed giant, which earns much of its revenue in Asia, has faced calls from investors for it to be broken up

Evening Standard

FTSE 100 Live: HSBC resists break-up call as Q2 profits surge

Break-up calls were resisted by HSBC today as the banking giant sought to win over shareholders with a big increase in dividend payments.

AFP

HSBC H1 pre-tax profit falls, says to pay quarterly dividends

Hong Kong (AFP) - HSBC on Monday said pre-tax profit fell in the first half of 2022 but it intends to resume quarterly dividends next year as its annual outlook remained positive.

Evening Standard

Pound signs blind politicians to the flaws of financial titans

City Voices: David Cameron and others were far too eager to advance the bankers

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