HSBC glitch led to thousands of small business loans in the wrong name

Image copyright Cesar Basanta Image caption IT consultant Cesar Basanta has had to wait weeks to receive a much-needed loan for his business, due to a HSBC error A technical glitch has meant thousands of government-backed small business loan offers to HSBC customers were sent under the wrong name. Customer Cesar Basanta told the BBC he’s had to wait weeks… Read more →

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HSBC to press on with 35,000 job cuts

Image copyright Getty Images HSBC, the UK’s largest bank, is to resume its plans to cut 35,000 jobs. New chief executive Noel Quinn gave the news to his 235,000 staff around the globe in a memo seen by the BBC and confirmed as authentic by the bank. The lender had originally announced the plan in February, but put it on… Read more →