Home
AI
World
Politics
Health
Crime & justice
Science & technology
Social issues
Sports
Money
Entertainment
Environment/energy
Military
Culture
Weather
Media






Home
Bias Split
Public FiguresControversies

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Sign Up!
Sign Up Now!

How our sliders workAboutContact UsNewsletter Archive
MediaFAQGlossaryPrivacy Policy
  1. Home

HSBC Doubles Profits as Interest Rates Soar

  • #Finance
  • #Europe
  • #Money
  • #United Kingdom
story
AUG 2023
Image copyright: Wikimedia Commons
story last updated AUG 2023

The Spin

Left narrative

While ordinary citizens are trying to navigate bloated mortgage payments and a rising cost of living, HSBC and its fat cat bankers are profiteering like bandits. There is an apparent problem with the current economic structure if a multibillion-dollar bank can double its profits while doing nothing to help its customers. Regulators must step in to make sure that HSBC passes down its earnings to its struggling consumers.

Isle of Wight County Press

Right narrative

Despite ongoing criticism of HSBC, it's the first bank in the UK to have cut mortgage rates despite the rising interest rates. While some may want to demonize all banks, especially the largest and most successful ones, it's unfair to say that HSBC is not doing anything to help customers save money. As a business the bank is, of course, out to make money, but it's doing its best to balance its financial obligations to shareholders while helping out savers.

GB News

Metaculus Prediction


Political split

LEFT

RIGHT

Silicon Valley Bank’s U.K. arm to be acquired by HSBC for just over $1
Washington PostJUL 2023
HSBC to Buy Silicon Valley Bank’s British Subsidiary
New York TimesJUL 2023
Risky Bet on Crypto and a Run on Deposits Tank Signature Bank
New York TimesJUL 2023
HSBC Is Buying Collapsed Silicon Valley Bank For £1
Daily CallerJUL 2023
HSBC to buy Silicon Valley Bank UK for £1 in government rescue deal
GuardianJUL 2023
Former Dem Rep Behind Landmark Financial Reform Law Is On The Board Of NY Bank That Biden Is Bailing Out
Daily CallerJUL 2023
Opinion | Elizabeth Warren: We Can Prevent More Bank Failures
New York TimesJUL 2023
HSBC buys failed lender Silicon Valley Bank UK
Daily MailJUL 2023
Bank shares plummet up to 74% in pre-market trading despite Biden's backing
Daily MailJUL 2023
Silicon Valley Bank: HSBC announces rescue deal for SVB UK – business live
GuardianJUL 2023
Silicon Valley Bank collapse: HSBC buys UK arm for £1
IndependentJUL 2023
‘Banking system is safe’: Biden reassures markets after Silicon Valley Bank collapse – video
GuardianJUL 2023
HSBC more than doubles profits as interest rates soar
GuardianJUL 2023
HSBC will buy UK subsidiary of collapsed Silicon Valley Bank
New York PostJUL 2023
Watch as Biden speaks on US financial system following collapse of Silicon Valley Bank
IndependentJUL 2023
HSBC is buying SVB's UK business for just over $1
CNNJUL 2023
'Mess': President Joe Biden 'firmly committed' to holding those responsible for SVB collapse accountable
AlterNetJUL 2023
Every bank everywhere all at once?
Daily KosJUL 2023
HSBC Snaps up Collapsed Silicon Valley Bank UK as World Races to Stem Fallout
BreitbartJUL 2023
HSBC raises outlook as profits nearly double
CNNJUL 2023
Europe’s banking stocks suffer biggest drop in a year
CNNJUL 2023
HSBC is buying SVB’s UK business for just over $1
CNNJUL 2023
Latest Bank To Collapse Is Same One That Closed Trump’s Accounts After Jan 6th
InfoWarsJUL 2023

More neutral political stance articles

HSBC acquires Silicon Valley Bank UK in last-minute deal, says all depositors’ money is safe
TechCrunchJUL 2023
WATCH LIVE: Biden speaks on the collapse of Silicon Valley Bank
PBS NewsHourJUL 2023
HSBC Rescues SVB’s U.K. Arm As Bank Collapse Fallout Spreads Beyond U.S.
ForbesJUL 2023
Silicon Valley Bank's UK unit has been sold to HSBC for $1.21
Business InsiderJUL 2023
UK tech ecosystem reacts to the news of SVB UK’s acquisition by HSBC
TechCrunchJUL 2023
Relax, SVB's implosion is nothing like the 2008 financial crisis, and the economy will be fine
Business InsiderJUL 2023
HSBC swoops in to rescue UK arm of Silicon Valley Bank
BBC NewsJUL 2023
Two big Silicon Valley banks failed when the easy money ran out - and that could be just the start.
Business InsiderJUL 2023
Regulators didn't have to shutter Signature Bank, says Dodd-Frank Act coauthor Barney Frank, who helped oversee the lender: 'We could've continued'
Business InsiderJUL 2023
Everything you need to know about a crazy weekend in the wake of Silicon Valley Bank's failure
Business InsiderJUL 2023
Stocks on Wall Street battle for direction as SVB's failure ignites fears for banks
Business InsiderJUL 2023
Silicon Valley Bank depositors are saved at the last minute
Business InsiderJUL 2023
Jeremy Hunt on HSBC buying UK arm of collapsed Silicon Valley Bank
BBC NewsJUL 2023
Wall Street's 'fear gauge' spikes to a 4-month high as Silicon Valley Bank's collapse spooks markets
Business InsiderJUL 2023
KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse
Wall Street JournalJUL 2023
SVB Collapse Spurs Silicon Valley Firms to Call for Changing Financial Methods
Wall Street JournalJUL 2023
Silicon Valley Bank’s U.K. Arm to Be Bought by HSBC
Wall Street JournalJUL 2023
HSBC rides rising rates to double its income, launches $2 bln share buyback
ReutersJUL 2023