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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.00 (0.00%)
Spread: 0.10 (0.014%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 705.50
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Big banks see rise in loan numbers, BBA reveals

Tue, 23rd Sep 2014 12:30

The number of mortgages taken out by customers of the UK's big banks has jumped 15% year-on-year, the British Bankers' Association (BBA) revealed on Tuesday.The data showed that gross mortgage borrowing totalled £11.1bn and that although approval processes were temporarily disrupted by the implementation of the mortgage market review earlier in the year, recent figures indicated a stable overall picture of approval numbers.Approvals for house purchases rose 5%, although the association pointed out that year-on-year comparisons have seen a slowdown in recent months, with re-mortgaging and equity release below last year's figures.Meanwhile, credit card spending was flat compared to August last year and that while repayments generally exceeded spending, annual growth has moderated.The BBA explained that higher unsecured loan demand continued to reflect growing consumer confidence and improving household finances.BBA statistics director David Dooks said: "When customers feel more optimistic about the economic outlook they are much more likely to take on new borrowing."Today's figures show that mortgage lending in August was up 15% on last year and that credit card spending remains robust. But I was particularly struck that after years of decline demand for unsecured personal loans is rising quite strongly again."Those products are often used to finance bigger purchase such as cars or major home improvements – the sort of spending we often put off until we feel confident about our financial circumstances."The data reflects figures taken from 21 UK institutions.
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11 Jan 2024 20:28

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U.S. inflation data sparks selloff

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11 Jan 2024 10:59

UK plans new system to tackle small bank failures after SVB collapse

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

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8 Jan 2024 09:49

Saudi Arabia plans benchmark-sized three-tranche bond

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LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

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8 Jan 2024 07:16

UAE's FAB gives price guidance for its 5-yr sukuk

Jan 8 (Reuters) - The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a document seen by Reuters on Monday.

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8 Jan 2024 07:14

UAE's FAB gives price guidance for its 5-yr sukuk

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1 Jan 2024 16:17

HSBC completes sale of retail banking business in France

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1 Jan 2024 11:21

HSBC transfers retail bank in France to private equity firm Cerberus

(Alliance News) - After more than two years, HSBC Holdings PLC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus Capital Management LP.

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22 Dec 2023 16:28

Rai Way investors seek update on mooted TV towers tie-up - sources

Tie-up with EI Towers would create national leader

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22 Dec 2023 14:58

Rai Way investors seek update on mooted TV towers tie-up - sources

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22 Dec 2023 10:59

South Korea fines two global banks for short-selling rule breaches

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22 Dec 2023 09:01

LONDON MARKET OPEN: Stocks snowed under; UK on brink of recession

(Alliance News) - Stock prices in London opened lower on Friday, with investors not feeling in a festive mood ahead of US inflation data.

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22 Dec 2023 07:50

LONDON BRIEFING: UK on brink of recession as economy contracts in Q3

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