HSBC 'no plans' to use share of Govt's £50bn

It says it will ensure its principal UK subsidiary, HSBC Bank, continues to be “appropriately funded” from the Group’s internal resources. It adds it yesterday provided around £2bn worth of three-month and six-month money to other banks and says it expects to be very active in the London interbank market again today. HSBC was one of eight institutions, including Barclays, HBOS, and Lloyds TSB, that has already signed up to about £25bn worth of the package. “HSBC welcomes the UK government's proposals to provide liquidity and inject capital into the UK banking system,” the group said i...