HSBC says it first quarter results will be hit by a $1billion (£790.1million) pre-tax loss following the £434.6million sale of its Argentinian bank to Grupo Financiero Galicia. Additionally, it said that when the deal closes, it will have to take a £3.9billion hit from historic foreign exchange losses run up by HSBC Argentina. HSBC will […]
Around 1.3 million pensioner households, who are on particularly low incomes, are to get a cash boost worth £310 a year. This boost relates to changes in Pension Credit, which is designed to provide what the government sets as the minimum level of income required to live on. Pension Credit tops up a pensioner household’s […]
Millions of UK residents are potentially shelling out thousands in loan interest due to an apparent “lack of transparency”. Personal loans, where individuals borrow a specified sum and repay it in fixed monthly instalments over an agreed period, have seen a surge in popularity amidst the cost of living crisis, with the industry growing by […]
Jamie Dimon, the chief executive of JPMorgan Chase and one of the most influential bankers in the US, has issued a stark warning about potential risks that could overshadow anything seen since World War II. Speaking to investors on Monday, he expressed his belief in the resilience and growth of the US economy this year. […]
Energy giant BP has warned that its first quarter revenues could be up to $1billion (£790.1million) lower due to reduced oil, gas and renewables prices. At its trading update, it said that it expected production of all three to be higher in the first quarter than they were in the fourth, and that it should […]
The Government has issued a response to calls for a fixed national standing charge on energy tariffs. Conservative MP Alexander Stafford asked a question in Parliament to energy minister Claire Coutinho as to whether “she will make an assessment of potential merits of introducing a fixed national standing charge for consumers”. Treasury minister Amanda Solloway […]
New research from Lloyds Bank reveals that saving just £180 a year from the age of 20 could bolster your pension pot by £44,000 by the time you retire. This is due to the tax relief and interest growth benefits that pension contributions enjoy. The bank discloses that the average total annual saving is around […]
A state pensioner has savaged Work and Pensions Secretary Mel Stride over the status of payments to the elderly as a DWP benefit in scathing comments. The woman, named Avril, wrote to Mr Stride – who is her MP – to voice her fury and brand the classification “ridiculous”, she told LBC on Tuesday, April 9. […]
More than 500,000 WASPI women live in the South East of England, more than in any other part of the UK. Women in the region could get up to £1.5billion in compensation. The next highest is the North West, with just under 410,000 WASPI women, who could each receive a share of up to £1.2billion. […]
A Premium Bonds customer was perplexed after they won a prize in the April draw but the funds have still not arrived in their bank account. They contacted the savings giant this morning (April 9) over X to ask: “I won topped up my Bonds to £50,000 last month (the new ones weren’t in the […]
