HSBC reported it was on track to transfer business to Paris ahead of Brexit yesterday, but warned that time was running out to avoid disruption for its customers.
According to the bank, more than 1,000 of its employees were working on its programme to manage the impact of Brexit, which includes those working in the new branches of HSBC France.
However, despite its preparation efforts, the bank said risks remained due to the uncertain outcome of negotiations, while it could be cutting it fine in relation to the implementation of its new operating models.
HSBC posted a 16 per cent annual profit increase for 2018 yesterday, though it fell short of expectations as market volatility and an end-of-year slowdown of China’s economy impacted revenue at the bank.
Latest News
-
Metro Bank hits record growth in corporate and commercial lending
-
Intermediary confidence softens slightly in Q4 – IMLA
-
Record flows drive Quilter’s AUMA to £141bn
-
8.6 million savings accounts exposed to tax
-
Mortgage lending rises 16% in 2025 – UK Finance
-
Nationwide doubles households who can benefit from 0% green home borrowing
Mortgage Advice Bureau and AI in the mortgage sector
Chief executive officer at Mortgage Advice Bureau, Peter Brodnicki, and founder and managing director at Heron Financial, Matt Coulson, joined content editor Dan McGrath to discuss how Mortgage Advice Bureau is using artificial intelligence to make advancements in the mortgage industry, the limitations of this technology and what 2026 will hold for the market
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories