“HKMA will not instruct banks on how to make the loan [assessments], but make sure that banks adopt a fair and tolerant manner to help clients with their financial needs,” Yuen said in a media briefing on Friday. “The task force is a channel for SMEs to reflect their [funding] difficulties, and for the HKMA
HSBC’s chief financial officer Georges Elhedery will take over as chief executive in September, the bank has announced. Mr Elhedery will succeed Noel Quinn in the role after Mr Quinn announced his retirement from the bank in April. HSBC chairman Sir Mark Tucker said in a statement: “I am delighted to confirm Georges as the
By Simon Jessop and Tommy Reggiori Wilkes LONDON (Reuters) – Britain’s HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world’s shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters. HSBC Infrastructure Finance (HIF)
Reading Time: 2 minutes UK: UK-based commercial bank NatWest is introducing ‘Airbnb-friendly’ mortgage terms to support borrowers who are struggling to pay loans and bring increased flexibility for customers who are looking to rent out their homes on a short-term basis. Under the new mortgage terms, new and existing NatWest customers will no longer have
Barclays is set to reduce fixed-rate mortgages by 0.27 percentage points Santander slashed its deals by up to 0.16 as Halifax shaved up to 0.19 from rates NatWest has now slashed its rates twice, cutting up to 0.23 percentage points Five of the biggest lenders are in a mortgage rate-cutting war as they fight for
Three UK banks have announced cuts to cost of fixed-rate mortgages. Barclays Bank, HSBC and TSB have revealed reductions, reversing some of price rises seen in recent weeks, in a boost for mortgage holders across the country. Barclays Bank has announced it will reduce the price of five-year fixed-rate deals for new borrowers and remortgagors
File photo of an HSBC bank in Covent Garden (PA Wire) Two of Britain’s biggest mortgage lenders both cut the cost of their fixed rate deals today in a hopeful sign for borrowers and first time buyers. HSBC said that from tomorrow it will be cutting rates across its full range of products although it