Begbies Traynor agrees new £25m debt facility with HSBC February 26, 2024 Professional services restructuring specialist Begbies Traynor agreed to a new debt facility with HSBC, which replaces its existing facility with the same bank. The group’s existing facility was due to mature in August 2025 after it was secured in 2016. The new debt facility with HSBC sees £25m committed to an unsecured revolving credit facility, [...]
HSBC wants to pay top brass Wall Street salaries February 25, 2024 The bank told its investors that it plans to discuss restructuring how Noel Quinn, the firm’s CEO, is remunerated even though his pay nearly doubled last year to £10.6m thanks largely to long-term performance bonuses kicking in.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
FTSE 100 close: London dragged lower as HSBC suffers worst share price fall since 2008 February 21, 2024 HSBC was the latest bank to announce results, following Barclays yesterday and Natwest last week, but markets were not impressed.
HSBC unveils record annual profits and fresh buyback but hurt by $3bn writedown on China bank holding February 21, 2024 HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.
FTSE 100: What’s moving markets today? February 21, 2024 Asian shares follow Wall Street's decline, HSBC's full-year profit soars by 78%, Walmart hits a record high; investors await the Fed minutes and tech darling Nvidia’s earnings report for market direction.
UK’s largest nightclub operator Rekom owed over £120m as it collapsed into administration and cut 470 jobs February 19, 2024 The UK's largest nightclub operator owed more than £120m as it collapsed into administration and cut almost 500 jobs before a rescue deal was agreed.
HSBC set to nearly double annual profits as it shrugs off China worries February 15, 2024 HSBC is set to nearly double its annual profits on the back of higher interest rates as it shrugs off concerns about its exposure to China's stagnating economy.
Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses February 12, 2024 Major investment banks have cut their number of UK job vacancies in half over the last year as a dealmaking slump puts a strain on recruitment and bonuses.
