HSBC

The Financial Conduct Authority (FCA) has written to banks urging them to speed up their review of how interest rate hedging products were sold.

Around 200,000 HSBC customers who bought investments after being advised by sales staff in high street branches could be in line for compensation after a mystery shopping exercise by investigators from the Financial Conduct Authority (FCA).

HSBC has been ordered to pay out $2.46bn by a US court after it lost a class action lawsuit against Household International, the lender it bought pre-crisis.

American tracker funds were the preferred choice among Nucleus members in the third quarter, with the HSBC American Index emerging as the fastest growing fund on the platform.

The majority of savers under the age of 45 are unaware of the amount of income they can expect from their pensions when they retire, according to Standard Life.

Over a quarter (27%) of international employees are concerned about the possibility of having to work longer than they wanted to due to financial constraints later in life, a report from HSBC reveals.

The five major UK banks all recorded a profit in the first half of the year for the first time since 2010, a report has found.

Disappointing results have sent HSBC shares down 5% and erased the FTSE 100's early gains on the first day of trading this week.

HSBC has launched the lowest ever fixed rate mortgage seen in the UK mortgage market with a 1.49% headline rate product.

HSBC will no longer offer its Workplace Retirement Services (WRS) through external advisers, it has confirmed.