Survey found customers who had been victims of scams often struggled to contact their bankThe UK’s biggest banks are failing to properly help fraud victims, leaving them “feeling abandoned at a time of crisis and exposed to future scams”, the consumer …
FTSE 250 hits record high amid buyout spree and factory boom – business live
Rolling live coverage as UK manufacturing PMI signals continued output growth despite supply chain strugglesHSBC profit doubles as it expands bonus pool for bankersMeggitt set to be latest UK acquisition target in £6.3bn takeoverFTSE 100 and European s…
Element Ventures pulls in $130M to double-down on the FinTech enterprise trend
With the rise of Open Banking, Psd2 Regulation, InsurTech, and the whole, general Fintech boom, tech investors have realized that there is an increasing place for dedicated funds which double down on this ongoing movement. When you look at the rise of banking-as-a-service offerings, payments platforms, insurtech, asset management, and infrastructure providers, you realize that […]
HSBC boosts bonus pool by 50% as profits more than quadruple
Bank helped by economic recovery from Covid-19 crisis in big markets including the UKHSBC has increased its bankers’ bonus pool by 50% after profits grew by more than fourfold in the second quarter, thanks to an economic rebound in key markets, includi…
HSBC faces questions over disclosure of alleged money laundering to monitors
Bank was under supervision by US Department of Justice-appointed team because of previous violationsHSBC discovered a suspected money laundering network that received $4.2bn (£3bn) worth of payments, it has emerged, raising questions over whether it di…