Tag: HSBC



Over 800 HSBC Jobs Cut as Birmingham Move Gets Ever Closer

HSBC launches £10 billion lending fund
Posted on 17 May, 2016 by Chris Grigorovsky under Business News, Economy

With HSBC set to make Birmingham the home of its UK retail services, it has since begun laying off 840 of its IT staff. The first phase of restructuring, which aims to cut 8,000 jobs in the UK by the end of 2017, will see Sheffield suffer the most,... Read More

Rural Areas Suffered Most from Bank Branch Closures

Rural Areas Suffered Most from Bank Branch Closures
Posted on 13 May, 2016 by Chris Grigorovsky under Business News, Economy

Figures found by the BBC have revealed that over 600 bank branches across Britain in the past year have seen closures, with rural areas being the most affected. It was found that parts of Scotland, Wales and South West England, between April 2015 and... Read More

HSBC Launches £10 Billion Lending Fund to Aid SMEs

HSBC launches £10 billion lending fund
Posted on 19 April, 2016 by Chris Grigorovsky under Business News, Economy

A £10 billion lending fund has been launched by HSBC which is set to help UK small and medium sized enterprises. The fund, which forms part of a broader plan to make banking cheaper and simple for customers, is the largest package of support to be... Read More

HSBC’S Birmingham Building Sold for Undisclosed Figure

HSBC'S Birmingham Building Sold for Undisclosed Figure
Posted on 13 January, 2016 by Chris Grigorovsky under Business News, Commercial Developments, Economy, Industry News

The sale of Birmingham's Exchange Buildings has now officially been concluded by Aviva investors, in a deal that observers have suggested is worth £40 million. Reflecting a net initial yield of 4.5%, the deal was done on behalf of Aviva life and... Read More

Credit Deal gives Atrium €150m Retail War Chest

Credit deal gives atrium 150m retail war chest
Posted on 16 October, 2015 by Cliff Goodwin under Industry News

Atrium European Real Estate, the central and eastern European shopping centre developer and operator, has signed a €125 (£93.5m) refinancing deal. The five-year unsecured arrangement — made up of €100m (£75m) in new credit together with the... Read More

HSBC will consider UK exit by End of the Year

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Posted on 5 May, 2015 by Kirsten Kennedy under Business News

As the regulations surrounding High Street banks continue to grow, many are now seeking to comply with the “ring fencing” rule by establishing separate headquarters for their personal and business divisions and their investment arms. However, today... Read More

HSBC relocation underlines Birmingham’s business credentials

HSBC-relocation-underlines-Birminghams-business-credentials
Posted on 25 March, 2015 by Kirsten Kennedy under Business News

Birmingham’s growing status as an international business destination has been further underlined by HSBC’s decision to relocate its headquarters to the West Midlands city. Around 1,000 jobs are expected to be transferred from London to Birmingham... Read More

Land Securities Continues Retail Centre Slimdown

50 pound sterling bank notes closeup view business background
Posted on 13 December, 2014 by Cliff Goodwin under Business News, Commercial Sales and Lets

HSBC's private client investment division has paid almost a quarter-of-a-billion pounds for Scotland's second largest retail complex. The Centre and Almondvale West Retail Park in Livingston were sold on by Land Securities as part of the property... Read More

HSBC Pledges to Support UK SMEs

HSBC-Pledges-to-Support-SMEs
Posted on 9 October, 2012 by MOVEHUT under Business News

HSBC has announced an extra £1bn of loans will be made available to small and medium-sized businesses looking to expand worldwide.   The development of the bank’s existing SME loan scheme, aimed at financing businesses with an annual... Read More

Major High Street Banks Fall out of Favour with Customers

Major High Street Banks Fall out of Favour with Customers
Posted on 23 September, 2012 by Kirsten Kennedy under Business News

In the past few years, it is fair to say that major high street banking chains have somewhat fallen out of favour with the general public.... Read More