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HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993.
These banks provide retail services to the general public. Retail banks are usually known as High street banks as they traditionally had multiple branch locations in the cities and towns across the UK. However 40% of branches closed between 2012 and 2022 . [8] Four British retail banks have never had a physical branch presence.
Midland Bank was renamed HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the Group. Prior to this, a Midland Bank branch in Croydon became the first to bear the HSBC name in the UK, albeit with "Midland Bank plc" still featuring on the plaque near the entrance. [5]
When HM Treasury required all UK banks to increase their capital in October 2007, the group transferred £750 million to London within hours, and announced that it had just lent £4 billion to other UK banks. [58] In March 2009, HSBC announced that it would shut down the branch network of its HSBC Finance arm in the United States, leading to ...
Alliance & Leicester, now Santander UK; Bradford & Bingley, savings and branch network now Santander UK; mortgage and loans books nationalised by HM Government; Britannia, now part of the Co-operative Bank; Cheltenham & Gloucester, savings and branch network now TSB Bank; mortgage and loans books part of Lloyds Bank
HSBC has said that around 100 staff could leave the bank as a result of plans to axe 114 UK branches from April next year. HSBC has said that around 100 staff could leave the bank as a result of ...
HSBC Bank may refer to any one of the following principal local banks or divisions of the HSBC Group: ... HSBC UK. M&S Bank, its subsidiary; First Direct, ...
Jackie Uhi, HSBC UK’s head of network, said: 'The Covid-19 pandemic has emphasised the need for the changes that we are making.'