HSBC HoldingsNYSE: HSBC

HSBC Holdings PLC (LSE:HSBA) users were left unable to access their bank accounts on payday this morning after the lender suffered an outage on its mobile banking app.  Some 7,000 reports of outages were made on Downdetector, leading to HSBC issuing a statement, apologising for the issue, promising to have it back up and running soon.

HSBC Holdings PLC (LSE:HSBA) has followed rivals Barclays and NatWest and started to cut its mortgage rates ahead of what is expected a run of base rate reductions to the end of the year and into 2025. NatWest announced reductions to its rates on Friday with Barclays cutting some rates today and now HSBC has said it will lower its rates from tomorrow, though there are no details yet.

PARIS, June 25, 2024 (GLOBE NEWSWIRE) -- COVIVIO HOTELS SCA  Post Stabilisation Notice HSBC (contact: [email protected]) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer: COVIVIO HOTELS SCA Guarantor (if any): na Aggregate nominal amount: EUR 500,000,000                     Description: 4.125% due 23rd May 2033        Offer price: 99.455                        Stabilising Manager: HSBC Continental Europe This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction This information is provided by RNS, the news service of the London Stock Exchange.

Simon Williams, HSBC Chief Economist, CEEMEA, discusses oil volatility due to geopolitics, He speaks with Joumanna Bercetche on Horizons Middle East & Africa. -------- More on Bloomberg Television and Markets Like this video?

Dutch bank ABN Amro is seeking to further expand in Germany as it is nearing a deal to acquire HSBC's wealth management unit in the country, newspaper Boersenzeitung reported on Friday, without specifying its sources.

State Street , BNP Paribas and Caceis are lining up as potential bidders for the sale of HSBC Germany's fund administration unit INKA and custody business, three sources familiar with the matter told Reuters.

HSBC said on Thursday it had appointed Goldman Sachs veteran Danielle Johnson as the global head of its institutional client group within the global banking and markets business, effective June 3.

FINMA rules that HSBC Private Bank (Suisse) violated money laundering regulations in connection with two unnamed politically exposed people.

HSBC (LON: HSBA) share price has been in the spotlight this week after a Swiss regulator ruled that its private bank violated money laundering rules. It then imposed some penalties, including an order to carry out AML reviews on its high-risk clients.