HSBC Holdings plc (HSBA.L)

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429.40-10.00 (-2.28%)

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The Guardian
HSBC whistleblower claims vindication after bank’s £200m payout to customers
HSBC whistleblower claims vindication after bank’s £200m payout to customersNicholas Wilson says redress scheme is a direct result of his campaign over excessive charges HSBC’s redress programme has never been announced to the public. Photograph: Andy Rain/EPA
The Guardian
HSBC offers sub-1% mortgage as interest rate war intensifies
HSBC offers sub-1% mortgage as interest rate war intensifiesBanks and building societies fight for customers as house prices rise in frenzied market HSBC has cut the rate on its two-year fixed product for those with deposits or equity of at least 40% by 0.05% Photograph: Neil Hall/EPA
Reuters
HSBC takes $2.3 billion hit with sale of French retail bank
LONDON/PARIS (Reuters) -HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 billion for the British bank but end its long struggle to dispose of the business as it focuses on Asia. The deal announced on Friday sees HSBC take another significant step in a wider retreat from slow-growing European and North American markets where it has struggled against larger domestic players. The deal will see My Money acquire HSBC's 244 branches, around 3900 staff and 24 billion euros in assets, creating at a stroke what My Money described as a new challenger bank in France's crowded retail banking landscape.