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BREAKING
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HSBC

There had been mounting worries that the collapse could have sent shockwaves through the technology and life sciences sector in the UK.

Analysis: Silicon Valley Bank's collapse likely to cause ripples for some time

HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK) for as little as £1, securing the deposits of more than 3,000 customers worth £6.7 billion.
HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK) for as little as £1, securing the deposits of more than 3,000 customers worth £6.7 billion.

HSBC buys Silicon Valley Bank UK

The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale.
The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale.

Silicon Valley Bank UK sold to HSBC

The banks with the best online and app security have been revealed as research has found  some bank chains miss basic protections
The banks with the best online and app security have been revealed as research has found  some bank chains miss basic protections

The banks with the best & worst online security revealed

Dame Alison Rose is the chief executive of RBS parent group NatWest.
Dame Alison Rose is the chief executive of RBS parent group NatWest.

NatWest chief Alison Rose will now face MPs over low savings rates

Customers use a NatWest bank on the High Street in Winchester, south west England on March 31, 2021. (Photo by ADRIAN DENNIS / AFP) (Photo by ADRIAN DENNIS/AFP via Getty Images)
Customers use a NatWest bank on the High Street in Winchester, south west England on March 31, 2021. (Photo by ADRIAN DENNIS / AFP) (Photo by ADRIAN DENNIS/AFP via Getty Images)

NatWest to close a further 23 bank branches across UK - full list

Victor Perez and his caddie James Erkenbeck celebrate the Frenchman holing out of a greenside bunker in the final round.Picture: Oisin Keniry/Getty Images.
Victor Perez and his caddie James Erkenbeck celebrate the Frenchman holing out of a greenside bunker in the final round.Picture: Oisin Keniry/Getty Images.

Abu Dhabi HSBC debrief: Perez passion; Harrington hunger and McKibbin pain eased

Connor Syme tees off on the 11th hole in the third round of the Abu Dhabi HSBC Championship at Yas Links. Picture: Ross Kinnaird/Getty Images.
Connor Syme tees off on the 11th hole in the third round of the Abu Dhabi HSBC Championship at Yas Links. Picture: Ross Kinnaird/Getty Images.

Syme inspired by Jon Rahm as he fires equal best-of-day 64 at Yas Links

Scott Jamieson, left, congratulates Thomas Pieters after the final round of last year's Abu Dhabi HSBC Championship at Yas Links. Picture: Ryan Lim/AFP via Getty Images.
Scott Jamieson, left, congratulates Thomas Pieters after the final round of last year's Abu Dhabi HSBC Championship at Yas Links. Picture: Ryan Lim/AFP via Getty Images.

Jamieson: Last year at Yas Links was a good week and close to a great one

Barclays Bank
Barclays Bank

Barclays to shut 15 more branches this year

HSBC has announced it will no longer provide finance for new oil and gas fields (Picture: Scott Barbour/Getty Images)
HSBC has announced it will no longer provide finance for new oil and gas fields (Picture: Scott Barbour/Getty Images)

As bankers turn away from fossil fuels, politicians need to pay attention

HSBC to close 114 branches next year - see full list

Banking giant HSBC said it will close 114 bank branches across the UK from next April in the face of declining footfall.
Banking giant HSBC said it will close 114 bank branches across the UK from next April in the face of declining footfall.

HSBC to close 114 branches - list in full and banks closing in 2023

Karen Thomson of AAB discusses some of the ways companies can support workers in the cost of living crisis
Karen Thomson of AAB discusses some of the ways companies can support workers in the cost of living crisis

Ad Feature AAB: Support your staff in cost of living crisis

The bank saw its net interest margin increase to 1.57 per cent in the third quarter from 1.19 per cent a year ago. Picture: Niklas Halle'n/AFP via Getty Images.
The bank saw its net interest margin increase to 1.57 per cent in the third quarter from 1.19 per cent a year ago. Picture: Niklas Halle'n/AFP via Getty Images.

City reaction: HSBC's market-beating Q3 figures show more 'incremental progress'

The results from banking giant HSBC followed figures from rivals Barclays, NatWest and Lloyds Banking Group. Picture: Kirsty O'Connor/PA Wire
The results from banking giant HSBC followed figures from rivals Barclays, NatWest and Lloyds Banking Group. Picture: Kirsty O'Connor/PA Wire

HSBC makes pledge to shareholders after unveiling better-than-expected numbers

Scotland players celebrate after their victory over England in the final of the World Rugby Sevens Series tournament at Twickenham in  2017.   (Photo: OLLY GREENWOOD/AFP via Getty Images)
Scotland players celebrate after their victory over England in the final of the World Rugby Sevens Series tournament at Twickenham in  2017.   (Photo: OLLY GREENWOOD/AFP via Getty Images)

Scotland Sevens team loses its elite status in Team GB merger

Lloyds, HSBC, Barclays and NatWest to close branches by September - full list

The assessment of the big banks was conducted by the Bank of England. Picture: Getty Images
The assessment of the big banks was conducted by the Bank of England. Picture: Getty Images

Central bank says big lenders could fail without hitting customers or taxpayer

HSBC recently announced plans to close more of its UK branches though it retains one of the biggest networks in the country. Picture: Kirsty O'Connor/PA Wire
HSBC recently announced plans to close more of its UK branches though it retains one of the biggest networks in the country. Picture: Kirsty O'Connor/PA Wire

HSBC profits slide 28% amid war in Ukraine and inflation worries

EMBARGOED TO 0001 WEDNESDAY APRIL 13 File photo dated 24/01/17 of a customer using a cash machine at a branch of HSBC in Tooting Broadway, London, as people experiencing domestic abuse can now walk into any HSBC branch in the UK to access a safe space and seek support and advice.
EMBARGOED TO 0001 WEDNESDAY APRIL 13 File photo dated 24/01/17 of a customer using a cash machine at a branch of HSBC in Tooting Broadway, London, as people experiencing domestic abuse can now walk into any HSBC branch in the UK to access a safe space and seek support and advice.

HSBC down: Customers unable to access mobile app and online banking

HSBC is one of many banks to announce branch closures in 2022 (Photo: Nathan Stirk/Getty Images)
HSBC is one of many banks to announce branch closures in 2022 (Photo: Nathan Stirk/Getty Images)

HSBC to close 69 branches - list in full and the other banks closing branches in...

HSBC said that less than 50 per cent of its customers now regularly use its branch network, with footfall dropping sharply over the past five years. Picture: Kirsty O'Connor/PA Wire
HSBC said that less than 50 per cent of its customers now regularly use its branch network, with footfall dropping sharply over the past five years. Picture: Kirsty O'Connor/PA Wire

Blow for two Scottish cities as HSBC takes axe to 69 bank branches

Lloyds Banking Group is one of Britain's big banks, the country's biggest mortgage lender and is also behind the Bank of Scotland and Scottish Widows brands. Picture: Ian Rutherford
Lloyds Banking Group is one of Britain's big banks, the country's biggest mortgage lender and is also behind the Bank of Scotland and Scottish Widows brands. Picture: Ian Rutherford

Bank of Scotland owner Lloyds sees annual profits surge to almost £7 billion

Pupils from Crosshouse Primary School, East Kilbride, celebrate accreditation for good financial education. Picture: Iain McLean
Pupils from Crosshouse Primary School, East Kilbride, celebrate accreditation for good financial education. Picture: Iain McLean

Gold star for finance-savvy Scots pupils as primary school gains top status

The commission said HSBC, Barclays and NatWest - which was still branded as Royal Bank of Scotland at the time of the offences - had their fines cut for cooperating with the investigation. Picture: Ian Georgeson
The commission said HSBC, Barclays and NatWest - which was still branded as Royal Bank of Scotland at the time of the offences - had their fines cut for cooperating with the investigation. Picture: Ian Georgeson

Royal Bank of Scotland parent NatWest among banks hit with EU fines

HSBC UK's Green SME Fund is available for businesses with a turnover of less than £25m Picture: Kirsty O'Connor/PA Wire
HSBC UK's Green SME Fund is available for businesses with a turnover of less than £25m Picture: Kirsty O'Connor/PA Wire

HSBC rolls out £500m of funding for green-thinking UK and Scottish SMEs

HSBC is the biggest of Britain's banks, though much of its business is generated in Asia. Picture: Kirsty O'Connor/PA Wire
HSBC is the biggest of Britain's banks, though much of its business is generated in Asia. Picture: Kirsty O'Connor/PA Wire

HSBC eyes interest rate boost as quarterly profits jump

Almost a third (32 per cent) of companies believe that full flexibility is the optimal working environment.
Almost a third (32 per cent) of companies believe that full flexibility is the optimal working environment.

Flexible working as important as salary, say UK businesses

Fuel prices hit eight-year high amid supply issues

Santander, TSB and Natwest online banking services went down on Friday, affecting people across the UK (Shutterstock/Downdetector)
Santander, TSB and Natwest online banking services went down on Friday, affecting people across the UK (Shutterstock/Downdetector)

Here's why Santander online banking is down

'This speed and level of support has just blown us away,' says founder Ruari Fairbairns. Picture: contributed.
'This speed and level of support has just blown us away,' says founder Ruari Fairbairns. Picture: contributed.

Alcohol-reduction initiative One Year No Beer smashes another crowdfunding goal

Binance UK: HSBC joins Barclays and Clear Junction in stopping payments to the cryptocurrency exchange as global crypto crackdown continues (Image: Getty Images)
Binance UK: HSBC joins Barclays and Clear Junction in stopping payments to the cryptocurrency exchange as global crypto crackdown continues (Image: Getty Images)

Why has HSBC stopped credit card payments to cryptocurrency exchange Binance?

HSBC said it was buoyed by profit growth across all regions, including a strong performance in its UK bank. Picture: Tolga Akmen/AFP via Getty Images.
HSBC said it was buoyed by profit growth across all regions, including a strong performance in its UK bank. Picture: Tolga Akmen/AFP via Getty Images.

Banking bounceback continues as HSBC interim profits more than double

'There’s a growing need both in the UK and across other parts of the world for the benefits of our programme,' says Ruari Fairbairns. Picture: contributed.
'There’s a growing need both in the UK and across other parts of the world for the benefits of our programme,' says Ruari Fairbairns. Picture: contributed.

One Year No Beer targets global growth with new six-figure crowdfunder

Some of the major websites down across the UK include PlayStation and HSBC banking (Photo: Down Detector).
Some of the major websites down across the UK include PlayStation and HSBC banking (Photo: Down Detector).

Major websites across UK down as result of mass outage

HSBC, the UK’s largest bank, which has been shifting focus to areas garnering higher returns such as Asia and wealth management, moved up one position to eighth in the global ranking of the top 1,000 world banks. Picture: Kirsty O'Connor/PA Wire
HSBC, the UK’s largest bank, which has been shifting focus to areas garnering higher returns such as Asia and wealth management, moved up one position to eighth in the global ranking of the top 1,000 world banks. Picture: Kirsty O'Connor/PA Wire

HSBC sole European bank in global top ten listing for tenth year running

The capital base is headed by Graham Clarke, a licensed business coach with ten years’ experience working with blue-chip global brands and ten years’ experience in the Scottish business community. Picture: Marc Millar
The capital base is headed by Graham Clarke, a licensed business coach with ten years’ experience working with blue-chip global brands and ten years’ experience in the Scottish business community. Picture: Marc Millar

World’s largest business coaching organisation sets up shop in Edinburgh

Lloyds Banking Group, which owns Bank of Scotland and Scottish Widows, has become the latest lender to cut reserves for bad debts on a brighter economic outlook. Picture: Ian Rutherford
Lloyds Banking Group, which owns Bank of Scotland and Scottish Widows, has become the latest lender to cut reserves for bad debts on a brighter economic outlook. Picture: Ian Rutherford

Bank of Scotland owner Lloyds sees profits hit £1.9bn amid brighter outlook

Stewarts of Tayside said its new vegetable handling machinery will see a 25 per cent increase in the tonnage of swedes it is able to wash and package.
Stewarts of Tayside said its new vegetable handling machinery will see a 25 per cent increase in the tonnage of swedes it is able to wash and package.

Perth veg producer ramps up production thanks to HSBC funding

Bell Group, which employs more than 1,600 people from 31 locations across the UK, has also worked on many historic buildings and palaces.
Bell Group, which employs more than 1,600 people from 31 locations across the UK, has also worked on many historic buildings and palaces.

Management buyout at Scottish decorating contractor employing 1,600 people

The bank cites the six-figure backing it has provided to Scottish workwear firm Suresafe to help it supply PPE to frontline workers. Picture: contributed.
The bank cites the six-figure backing it has provided to Scottish workwear firm Suresafe to help it supply PPE to frontline workers. Picture: contributed.

HSBC launches £650m fund to help SMEs in Scotland flourish

Lloyds Banking Group is the owner of Bank of Scotland. Picture: Ian Rutherford
Lloyds Banking Group is the owner of Bank of Scotland. Picture: Ian Rutherford

Bank of Scotland owner Lloyds restores dividend as profits slide

The pandemic has left many bereaved people with more delays in sorting their loved ones' finances.
The pandemic has left many bereaved people with more delays in sorting their loved ones' finances.

Bereaved families facing delays in settling loved one's finances

Sergio Garcia tees off on the eighth hole in the first round of the Omega Dubai Desert Classic at Emirates Golf Club. Picture: Warren Little/Getty Images.
Sergio Garcia tees off on the eighth hole in the first round of the Omega Dubai Desert Classic at Emirates Golf Club. Picture: Warren Little/Getty Images.

Mixed fortunes for Sergio Garcia and Tyrrell Hatton in same group in Dubai

Marc Warren, right, smiles on the 18th green after finishing with a birdie in the Abu Dhabi HSBC Championship at Abu Dhabi Golf Club. Picture: Andrew Redington/Getty Images.
Marc Warren, right, smiles on the 18th green after finishing with a birdie in the Abu Dhabi HSBC Championship at Abu Dhabi Golf Club. Picture: Andrew Redington/Getty Images.

Marc Warren holes putt worth around $100,000 on last green in Abu Dhabi

Rory McIlroy and caddie Harry Diamond look on during day one of the Abu Dhabi HSBC Championship at Abu Dhabi Golf Club. Picture: Ross Kinnaird/Getty Images.
Rory McIlroy and caddie Harry Diamond look on during day one of the Abu Dhabi HSBC Championship at Abu Dhabi Golf Club. Picture: Ross Kinnaird/Getty Images.

Rory McIlroy hails opening 64 in Abu Dhabi as 'lovely start to year'

HSBC is closing 82 UK branches this year - the list in full

The Edinburgh Princes Street branch will be the first to close in April
The Edinburgh Princes Street branch will be the first to close in April

Edinburgh Princes Street HSBC first of 82 stores nationwide to close doors

HSBC is offering free online learning resources for families - here's what's ava...

I bet you a pound to a penny that a UK bank will announce a Bitcoin offering early in 2021, says Duffy. Picture: Jordan Mansfield/Getty Images.
I bet you a pound to a penny that a UK bank will announce a Bitcoin offering early in 2021, says Duffy. Picture: Jordan Mansfield/Getty Images.

Why bankers are betting on Bitcoin - Jim Duffy comment

Lloyds Banking Group is also behind the Bank of Scotland and Scottish Widows brands.
Lloyds Banking Group is also behind the Bank of Scotland and Scottish Widows brands.

Bank of Scotland owner Lloyds Banking Group reveals new boss

Edinburgh University Old College quad. Picture: Neale Smith
Edinburgh University Old College quad. Picture: Neale Smith

University of Edinburgh goes big on green investment after HSBC tie-up

HSBC is the largest listed bank in the UK though much of its business is centred in Asia. Picture: Kirsty O'Connor/PA Wire
HSBC is the largest listed bank in the UK though much of its business is centred in Asia. Picture: Kirsty O'Connor/PA Wire

HSBC loan book comes under City spotlight

A previous event by climate change protesters demonstrating outside a branch of Barclay's bank in Glasgow
A previous event by climate change protesters demonstrating outside a branch of Barclay's bank in Glasgow

Extinction Rebellion protests in Scotland this weekend

The Glasgow fashion group has been undertaking an overhaul of the business.
The Glasgow fashion group has been undertaking an overhaul of the business.

Scottish fashion brand Quiz doubles up with banking facility to aid recovery

The Scotsman Top Stories

SNP candidate Ash Regan. Picture: Jeff J Mitchell/Getty Images
SNP candidate Ash Regan. Picture: Jeff J Mitchell/Getty Images

SNP considering allowing members to change vote amid leadership transparency row

Scottish First Minister Nicola Sturgeon. Picture: PA
Scottish First Minister Nicola Sturgeon. Picture: PA

SNP is not in a mess, insists Nicola Sturgeon

A Somali woman and child wait to be given a spot to settle at a camp for displaced people on the outskirts of Dollow in Somalia during the longest drought in the country's history, estimated to have killed 43,000 people
A Somali woman and child wait to be given a spot to settle at a camp for displaced people on the outskirts of Dollow in Somalia during the longest drought in the country's history, estimated to have killed 43,000 people

Climate change: IPCC report is ‘survival guide for humanity’

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