HSBC Holdings Share News (HSBA)

Britain's banks slow in passing higher rates to savers -watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

Britain's banks too slow in passing higher interest rates to savers, says watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

SSP completes bank refinancing with new GBP300 million four-year loan

(Alliance News) - SSP Group PLC on Tuesday said it has completed the refinancing of its syndicated banking facilities, including a new GBP300 million four-year loan and undrawn GBP300 million revolving credit facility.

Saudi Arabia's Almarai plans dollar sukuk

DUBAI, July 17 (Reuters) - Saudi Arabian food and beverage company Almarai has hired banks to arrange a sale of U.S. dollar-denominated Islamic bonds, an investor presentation showed on Monday.

UK signs up for membership of Trans-Pacific Partnership trade bloc

(Alliance News) - UK Business & Trade Secretary Kemi Badenoch signed off UK membership to a major Indo-Pacific trade bloc, bringing British businesses a step closer to being able to sell to a market of 500 million people with fewer barriers.

HSBC builds up China green finance, bonds teams in funds push - sources

LONDON/HONG KONG, July 13 (Reuters) - HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe's biggest bank presses on with expansion in the country despite geopolitical tensions.

HSBC builds up China green finance, bonds teams in funds push - sources

LONDON/HONG KONG, July 13 (Reuters) - HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe's biggest bank presses on with expansion in the country despite geopolitical tensions.

Laurentian Bank says it is reviewing strategic options (July 11)

July 11 (Reuters) -

European shares jump as cooling US inflation boosts rate pause bets

STOXX 600 up for fourth straight session

*

LONDON MARKET MIDDAY: FTSE 100 boosted by banks ahead of US inflation

(Alliance News) - The FTSE 100 in London was lifted by banking stocks heading into Wednesday afternoon, after the Bank of England's latest stress test showed the sector to be "resilient".

BoE's Bailey quashes talk of higher deposit protection after SVB collapse

LONDON, July 12 (Reuters) - The Bank of England will toughen up rules for winding down struggling banks, such as the British arm of Silicon Valley Bank which failed in March, rather than raise deposit protection limits, Bank of England Governor Andrew Bailey said.

Bank of England stress test finds top 8 UK banks have enough capital

LONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.

TOP NEWS: Major UK banks "resilient" in BofE's annual stress test

(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing.

UK bank shares rise after BoE stress test

MILAN, July 12 (Reuters) - A gauge of British banking stocks surged on Wednesday after the Bank of England said its annual stress test of eight major lenders showed each could cope with rising interest rates in a stressed environment.

UK bank pass annual stress tests, says BoE

(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.