HSBC has hiked its annual lending fund for small businesses to a record £12 billion and has ring-fenced £1 billion for the first time to help boost overseas trade as Brexit approaches.
House of Fraser is facing a race against the clock to find fresh investment and avoid a calamitous administration that would imperil 17,000 jobs.
HSBC has boosted its profits as it pushes ahead with the strategy put in place by new chief executive John Flint.
London’s financial services industry suffered a 29% drop in job openings in the year to June as Brexit uncertainty continues to dampen hiring in the capital.
The outgoing finance chief of Royal Bank of Scotland (RBS) Ewen Stevenson is switching lenders under plans to replace HSBC’s Iain Mackay.
Some major banks are charging customers several times the fees of payday lenders to borrow money, an investigation by Which? has found.
Pupils at Craigiebarns Primary School in Dundee are growing an outdoor classroom thanks to a £1,737 grant from HSBC. The garden will be used to teach children about nature and horticulture. The bank gave the school the grant after parent Jane Mcintosh submitted a “detailed business plan” for the project.