HSBC fined £57.4m by the Bank of England for ‘serious failings’ to protect customer deposits. The bank failed to accurately identify deposits eligible for the UK’s Financial Services Compensation Scheme, the Bank’s Prudential Regulation Authority (PRA) announced. HSBC was fined by the Bank of England’s Prudential Regulation Authority (PRA) forRead More →
Mortgage lenders have started 2024 by cutting interest rates. The UK’s biggest lender, the Halifax, has cut some interest rates by nearly a full 1%, with other lenders expected to follow suit. HSBC has announced it will also make cuts in January. Halifax is reducing its rates, with interest onRead More →
It is widely reported that HSBC‘s online banking system is experiencing some problems today, 24th November 2023. According to the news reports, many customers are unable to access the app or the website or make payments. The bank has acknowledged the issue and said it is working hard to fixRead More →