focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 701.70
Bid: 701.30
Ask: 701.50
Change: -4.70 (-0.67%)
Spread: 0.20 (0.029%)
Open: 709.00
High: 710.50
Low: 701.10
Prev. Close: 706.40
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Lockdown lands domestic abuse on British financial sector radar

Thu, 13th Aug 2020 13:07

* Banks, law firms respond to staff, customer pleas

* Lockdown has led to rise in calls to abuse helplines

* New legislation to legally recognise economic abuse

By Sinead Cruise and Kirstin Ridley

LONDON, Aug 13 (Reuters) - Some of Britain's biggest
financial and legal firms have stepped up support for staff and
customers suffering domestic abuse after the coronavirus
lockdown shed new light on the scale of a problem affecting
millions nationwide.

Legislation now progressing through parliament suggests this
is costing Britain 66 billion pounds ($86 billion) a year, with
official figures estimating around 2 million people, mainly
women aged 16 to 74, suffer some form of domestic abuse.

The Domestic Abuse Bill will introduce a statutory
definition that includes physical violence but also emotional,
coercive and economic abuse, after extensive lobbying by the
charity Surviving Economic Abuse and the financial sector.

As the coronavirus pandemic forces millions to work from
home and calls to helplines surge, Lloyds Banking Group
and NatWest Group have teamed up with charities
SafeLives and Surviving Economic Abuse to offer financial as
well as practical aid to victims.

And with remote working increasing social isolation, some
firms are also striving to help staff.

Lloyds, Britain's biggest retail bank with about 65,000
employees, has launched an emergency programme that offers
vulnerable staff and their children refuge in a hotel, travel
and living expenses, as well as advice and compassionate leave.

Law firm Linklaters is offering a similar package, saying
the crisis had put the onus on employers to tackle what the
United Nations calls a "shadow pandemic" of violence against
women.

"For too long it has been left to a small number of highly
specialist, feminist organisations to make the case for bringing
an end to domestic abuse, and trying to find the means to do
that," SafeLives' Chief Executive Suzanne Jacob said.

"As major companies start to think in a new way about their
workforce and their customers, so much more is possible."

Domestic abuse charity Refuge said it has received more than
40,000 calls since Britain's lockdown began in March and, as
restrictions eased, the number of people needing emergency
accommodation rose 54% in the first week of July.

The FICC Markets Standards Board last month warned that
abuse can go undetected without face-to-face interaction, which
has declined during widespread remote working.

"What could have been seen purely as a domestic issue all of
a sudden was more clearly a workplace issue and you have to take
action," Jenny Lloyd, diversity and wellbeing manager at
Linklaters, said.

The Metropolitan Police, which covers London, said domestic
violence reports rose by a third in the six weeks to April 24,
while its officers made around 100 arrests a day.

"With more people working from home than ever before, this
issue needs urgent attention in many employers," a spokesman for
employee union Unite said.

CRITICAL ROLE

Economic or financial abuse can leave victims with no access
to money or bank accounts and vulnerable to debts built up by
their partners, even after they have fled an abusive home.

With thousands of tell-tale datapoints at their fingertips,
financial firms are often on the frontline of the fight against
such abuse, but cannot act before a customer asks for help.

NatWest launched a 1 million pound fund in June to provide
financial lifelines to victims without the means to rebuild
their lives. This will make grants to cover the costs of food
and household bills.

More than a dozen companies have approached SafeLives for
advice and help in devising support packages since March.

"People have had a number of lights turned on about what it
might mean to have a duty of care to staff when they are not in
a typical workspace," SafeLives' Jacob said.

NatWest's Customer Protection Manager Kim Chambers said her
team provided support to 325 people in the second quarter, with
70% saying their abusers had used money to control them.

Barclays, HSBC and insurer Aviva,
have trained thousands of staff to identify signs of financial
abuse so they can respond better to those at risk.

Banks can now also offer to block joint accounts in dispute,
remove names without both parties present and open new accounts
with different sort codes to hide a victim's new location.

"Banks have a critical role to play in supporting survivors
of economic abuse," NatWest CEO Alison Rose said.
($1 = 0.7645 pounds)
(Editing by Nick Tattersall and Alexander Smith)

More News
20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

Read more
19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

Read more
14 Dec 2023 15:47

UK dividends calendar - next 7 days

Friday 15 December 
Airtel Africa PLCdividend payment date
Asia Dragon Trust PLCdividend payment date
Craneware PLCdividend payment date
Games Workshop Group PLCex-dividend payment date
Gattaca PLCspecial dividend payment date
Gattaca PLCdividend payment date
GCP Asset Backed Income Fund Ltddividend payment date
Hargreaves Lansdown PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
J Sainsbury PLCdividend payment date
James Halstead PLCdividend payment date
Kainos Group PLCdividend payment date
Lancashire Holdings Ltdspecial dividend payment date
Pershing Square Holdings Ltddividend payment date
Scottish American Investment Co PLCdividend payment date
Scottish Mortgage Investment Trust PLCdividend payment date
ScS Group PLCdividend payment date
Telecom Plus PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Urban Logistics REIT PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Wincanton PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 18 December 
Atrato Onsite Energy PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
New Star Investment Trust PLCdividend payment date
Tuesday 19 December 
BP PLCdividend payment date
Softcat PLCdividend payment date
Volution Group PLCdividend payment date
Wednesday 20 December 
abrdn Asia Focus PLCdividend payment date
abrdn Asia Focus PLCspecial dividend payment date
Baillie Gifford Japan Trust PLCdividend payment date
Blackrock Greater Europe Investment Trust PLCdividend payment date
London Finance & Investment Group PLCdividend payment date
Schroder BSC Social Impact Trust PLCdividend payment date
Shell PLCdividend payment date
Thursday 21 December 
abrdn Diversified Income & Growth PLCex-dividend payment date
abrdn Private Equity Opportunities Trust PLCex-dividend payment date
Alpha Financial Markets Consulting PLCdividend payment date
British & American Investment Trust PLCdividend payment date
British American Tobacco PLCex-dividend payment date
Britvic PLCex-dividend payment date
CML Microsystems PLCex-dividend payment date
Diverse Income Trust PLCex-dividend payment date
Dunedin Enterprise Investment Trust PLCex-dividend payment date
Halma PLCex-dividend payment date
HSBC Holdings PLCdividend payment date
IntegraFin Holdings PLCex-dividend payment date
International Biotechnology Trust PLCex-dividend payment date
J Smart & Co (Contractors) PLCex-dividend payment date
JPMorgan Japanese Investment Trust PLCex-dividend payment date
JPMorgan Multi-Asset Growth & Income PLCex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Montanaro European Smaller Companies Trust PLCex-dividend payment date
Pharos Energy PLCex-dividend payment date
STS Global Income & Growth Trust PLCex-dividend payment date
Topps Tiles PLCex-dividend payment date
Triple Point Energy Transition PLCex-dividend payment date
United Utilities Group PLCex-dividend payment date
VPC Specialty Lending Investments PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

*

Read more
12 Dec 2023 16:26

US sanctions proposed buyer of HSBC's Russian business

Dec 12 (Reuters) - The U.S. on Tuesday imposed sanctions on Russia's Expobank, the proposed buyer of HSBC's local unit, a move that could complicate the British lender's long-awaited departure from Russia.

Read more
12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

Read more
12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

Read more
11 Dec 2023 11:00

TC Energy's Coastal GasLink seeks C$1.2 billion from pipeline contractor over delays

WINNIPEG, Manitoba, Dec 11 (Reuters) - Coastal GasLink, a Canadian natural gas pipeline partnership operated by TC Energy, is seeking C$1.2 billion ($737 million) from one of its main contractors for construction delays and may be liable for a similar amount if an arbitrator rules against it, court documents showed ahead of a hearing this month.

Read more
5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

Read more
29 Nov 2023 16:55

LONDON MARKET CLOSE: Cooler German CPI boosts DAX but FTSE 100 falls

(Alliance News) - The FTSE 100 closed lower on Wednesday, despite a bullish session for European peers, as the blue-chip index's China-exposed stocks and natural resources sector struggled.

Read more
29 Nov 2023 16:40

London close: Stocks mixed as US GDP growth tops forecasts

(Sharecast News) - London markets closed with a mixed performance on Wednesday, influenced by a combination of UK data releases and robust economic growth in the US.

Read more
29 Nov 2023 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US data

(Alliance News) - European equities were largely higher heading into Wednesday afternoon's US gross domestic product reading, though London's FTSE 100 underperformed as China-exposed shares and international earners declined.

Read more
29 Nov 2023 11:13

IN BRIEF: Pets At Home starts GBP25 million 2nd half of share buyback

Pets At Home Group PLC - Cheshire, England-based pet supplies and veterinary services - Launches GBP25 million second tranche of GBP50 million share buyback. Commissions HSBC Bank PLC, part of HSBC Holdings PLC, to conduct the buyback tranche, which will end by March 28 next year. The overall programme was started in June. The launch of the second tranche follows the release of interim results on Tuesday. Pretax profit declined 35% to GBP34.7 million in the 28 weeks to October 12 from GBP53.4 million a year prior, as a 6.5% revenue increase was offset by higher cost of sales and administrative expenses. Pets at Home had maintained its interim dividend at 4.5 pence per share.

Read more
27 Nov 2023 17:08

LONDON MARKET CLOSE: Downbeat China data hurts exposed FTSE 100 stocks

(Alliance News) - Stock prices in London closed down on Monday, as underwhelming industrial data from China hurt Asia-exposed stocks and oil majors, while new homes figures in the US also disappointed.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.