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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 705.50
Bid: 707.20
Ask: 707.30
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 706.50
High: 714.40
Low: 705.00
Prev. Close: 705.00
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UPDATE 1-UK Post Office creates Money brand to bolster growth aims

Mon, 26th Jan 2015 16:02

* To bring all services under Post Office Money brand

* Seeks to be major financial services provider by 2020

* Britain wants challengers to take on biggest banks (Adds details, quotes from director)

By Matt Scuffham

LONDON, Jan 26 (Reuters) - Britain's Post Office said itwould bring all its financial services under one brand as partof plans to become one of the UK's biggest financial servicesproviders by 2020, laying down a challenge to the country'sincumbent banks.

The Post Office, which partners with Bank of Ireland to offer banking services, said it would launch the"Post Office Money" brand which customers could access in its11,500 outlets or online.

The move is intended to present the Post Office as achallenger to Britain's biggest banks, which have been hit byscandals ranging from the mis-selling of loan insurance to theattempted rigging of benchmark interest rates.

Lawmakers and regulators are keen for challengers to emergeto break the dominance of Britain's "Big Four" lenders, LloydsBanking Group, Royal Bank of Scotland, Barclays and HSBC, which control more than threequarters of personal current accounts and make nine out of 10loans to small businesses.

"Post Office Money is committed to providing customers withan offering that is fair, accessible and helps them manage theirfinancial needs," said Nick Kennett, director, financialservices, at Post Office Money.

Other new entrants include Metro Bank, which said last weekit had increased lending by 112 percent in 2014.

The Post Office began offering personal current accounts in2013 in an attempt to broaden its customer base. It already has3 million customers for its banking and insurance businesses and9 million using its foreign currency service. Post Office Moneywill also offer home loans, savings products and travelinsurance.

Post Office Money is looking to take advantage of Britain'sbiggest banks closing branches, which has been criticised asleaving some consumers without easy access to a local branch.

It will offer customers extended opening hours and Sundayopening at 2,500 branches.

Separately on Monday, Spanish bank Santander saidit had reached an agreement with the Post Office for its Britishcustomers to bank at the Post Office's outlets.

Santander said the arrangement was part of a widerinvestment programme that has involved it refurbishing 40percent of its branches and investing in technology. (Editing by Steve Slater and David Holmes)

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2 May 2024 13:49

UK dividends calendar - next 7 days

Friday 3 May 
Anglo American PLCdividend payment date
Beazley PLCdividend payment date
BP Marsh & Partners PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
CT UK High Income Trust PLC - Class Bdividend payment date
European Smaller Cos Trust PLCdividend payment date
Glanbia PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
i3 Energy PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Maven Income & Growth VCT 3 PLCdividend payment date
Maven Income & Growth VCT 5 PLCdividend payment date
North American Income Trust PLCdividend payment date
Pearson PLCdividend payment date
Segro PLCdividend payment date
Synectics PLCdividend payment date
TwentyFour Income Fund Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Begbies Traynor Group PLCdividend payment date
Ferguson PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Mobius Investment Trust PLCdividend payment date
Nexus Infrastructure PLCdividend payment date
Pebble Group PLCdividend payment date
Pinewood Technologies Group PLCspecial dividend payment date
Thungela Resources Ltddividend payment date
Volution Group PLCdividend payment date
Wednesday 8 May 
Melrose Industries PLCdividend payment date
Personal Group Holdings PLCdividend payment date
Thursday 9 May 
Admiral Group PLCex-dividend payment date
AG Barr PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Bank of Ireland Group PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
Braime Group PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Chenavari Toro Income Fund Ltdex-dividend payment date
Clarkson PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
CVC Income & Growth Ltd EUROex-dividend payment date
CVC Income & Growth Ltd GBPex-dividend payment date
Domino's Pizza Group PLCdividend payment date
Epwin Group PLCex-dividend payment date
F&C Investment Trust PLCdividend payment date
Fidelity Special Values PLCex-dividend payment date
Focusrite PLCex-dividend payment date
Grafton Group PLCdividend payment date
Gresham Technologies PLCex-dividend payment date
Headlam Group PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Ibstock PLCex-dividend payment date
Invesco Perpetual UK Smaller Cos Investment Trust PLCex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
Lancashire Holdings Ltdex-dividend payment date
LSL Property Services PLCex-dividend payment date
M&C Saatchi PLCex-dividend payment date
M&G PLCdividend payment date
Macfarlane Group PLCex-dividend payment date
Marwyn Value Investors Ltdex-dividend payment date
Midwich Group PLCex-dividend payment date
Montanaro UK Smaller Cos Investments Trust PLCdividend payment date
Octopus Titan VCT PLCex-dividend payment date
One Media iP Group PLCex-dividend payment date
Petershill Partners PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Reach PLCex-dividend payment date
Sherborne Investors Guernsey C Ltdex-dividend payment date
Sthree PLCex-dividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
Tracsis PLCex-dividend payment date
Travis Perkins PLCdividend payment date
UIL Ltdex-dividend payment date
  
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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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*

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*

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