Edition:
United Kingdom

Sinead Cruise

Analysis: Sub-zero rates' squeeze on UK bank profits may scupper lending boom

22 Oct 2020

LONDON Negative interest rates would punch a big hole in UK banks' profits without necessarily delivering the intended lifeline to Britain's frail economy, senior bankers have warned.

Insurers drop appeal against UK COVID-19 payout ruling on three policies

21 Oct 2020

LONDON Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by the COVID-19 pandemic.

Exclusive: HSBC targets net zero emissions by 2050, earmarks £772 billion green financing

09 Oct 2020

LONDON HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion (772 billion pounds) in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters. | Video

CORRECTED-EXCLUSIVE-HSBC targets net zero emissions by 2050, earmarks $1 trln green financing

09 Oct 2020

* Latest push to help meet goals of Paris Agreement on climate

Bank rules force staff to turn off NHS COVID-19 tracing app at work

08 Oct 2020

LONDON Branch staff at some of Britain's biggest banks say rules that require them to store phones in lockers while at work are putting them at undue risk of COVID-19 from colleagues and customers, as they cannot use the country's tracing app. | Video

Bank rules force staff to turn off NHS COVID-19 tracing app at work

08 Oct 2020

* Thousands of staff seen at risk of undetected infection - union

Low rates and lending slump threaten HSBC's long-term dividend ambitions

08 Oct 2020

LONDON HSBC shareholders face a future of paltry payouts when regulators restore its powers to pay dividends as the bank's bosses press on with a costly revamp against a backdrop of a global recession and the threat of negative interest rates.

World News