Royal Bank of Scotland is to slash over 600 UK jobs in reaction to incoming rules on the sale of investment products to customers. The cuts have been described as "brutal" by union leaders and competing banks that have opted to invest in a branch-based sales force.
HSBC's popular Business Banking app, which allows customers to access their business accounts at any time and from anywhere in the world, is now available to hundreds of thousands more of its customers as an Android app, HSBC Commercial Bank announced today.
UK retailer Marks & Spencer is to move into high street banking with the launch of M&S Bank next month.
The UK Post Office is to roll out contactless payment terminals across 30,000 counter positions in its national network of over 11,500 branches, in a move which exponents of the technology hope will help to boost awareness among a reluctant populace.
HSBC Bank USA, N.A. (HSBC) today announced the appointment of Michael Cummins as the head of Payments and Cash Management in the United States.
Some UK HSBC customers were left unable to make card payments or withdraw cash from ATMs yesterday thanks to an IT hardware failure.
HSBC is to join Barclays Bank by introducing contactless technology as a standard feature on all new debit cards in circulation.
HSBC has tapped the National Payments Corporation of India's platform to launch an interbank mobile transaction service for its corporate customers in the country.
Neil Kirkman, global telecommunications consultant, HSBC explains the bank's use of social media to support internal crisis management.
HSBC is today announcing a restructure of its business in the UK which means that 2,217 people will be leaving the UK Bank during the coming months.
© Finextra Research 2014