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	<title>Banking Times: Daily Banking News &#187; HSBC News</title>
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	<description>Daily Banking News at Banking Times, the UK&#039;s leading independent banking news publication.</description>
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		<title>Unauthorised overdraft fees incalculable</title>
		<link>http://www.bankingtimes.co.uk/2012/01/18/unauthorised-overdraft-fees-incalculable/</link>
		<comments>http://www.bankingtimes.co.uk/2012/01/18/unauthorised-overdraft-fees-incalculable/#comments</comments>
		<pubDate>Wed, 18 Jan 2012 08:09:49 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Borrowing & Lending News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[Lloyds Banking Group News]]></category>
		<category><![CDATA[fees]]></category>
		<category><![CDATA[Which? unauthorised overdraft]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=18069</guid>
		<description><![CDATA[Which? is claiming that it is virtually impossible to calculate unauthorised overdraft fees, or to compare charges between banks, as fee structures are so complicated. The consumer group asked a number of volunteers to work out the cost of an unauthorised overdraft with four different banks by giving them mock bank statements. Despite one of [...]]]></description>
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		<title>HSBC appoints chief legal officer</title>
		<link>http://www.bankingtimes.co.uk/2012/01/15/hsbc-appoints-chief-legal-officer/</link>
		<comments>http://www.bankingtimes.co.uk/2012/01/15/hsbc-appoints-chief-legal-officer/#comments</comments>
		<pubDate>Sun, 15 Jan 2012 18:26:43 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking Jobs News]]></category>
		<category><![CDATA[Banking News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[chief legal officer]]></category>
		<category><![CDATA[Stuart Levey]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=18048</guid>
		<description><![CDATA[HSBC Holdings has appointed Stuart Levey as chief legal officer. A graduate of Harvard College and Harvard Law School, Mr Levey will be based in London and report to group chief executive, Stuart Gulliver. Richard Bennett, group managing director and group general counsel, will work with him until retiring from HSBC at the end of [...]]]></description>
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		<title>First Direct top for customer satisfaction</title>
		<link>http://www.bankingtimes.co.uk/2011/11/24/first-direct-top-for-customer-satisfaction/</link>
		<comments>http://www.bankingtimes.co.uk/2011/11/24/first-direct-top-for-customer-satisfaction/#comments</comments>
		<pubDate>Thu, 24 Nov 2011 16:15:05 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Co-Operative Bank News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[Nationwide News]]></category>
		<category><![CDATA[customer]]></category>
		<category><![CDATA[first direct]]></category>
		<category><![CDATA[J D Power & Associates]]></category>
		<category><![CDATA[satisfaction]]></category>
		<category><![CDATA[survey]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17679</guid>
		<description><![CDATA[Despite banks being blamed for our economic woes, their retail customers are happier with the service they receive than a year ago, according to the J D Power and Associates 2011 UK Retail Banking Satisfaction Study. HSBC&#8217;s First Direct takes first place with a score of 774, followed by The Co-operative Bank (734) and Nationwide [...]]]></description>
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		<title>Banks sign up to current account improvements</title>
		<link>http://www.bankingtimes.co.uk/2011/11/23/banks-sign-up-to-current-account-improvements/</link>
		<comments>http://www.bankingtimes.co.uk/2011/11/23/banks-sign-up-to-current-account-improvements/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 07:35:07 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Barclays News]]></category>
		<category><![CDATA[British Banks Association]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[RBS News]]></category>
		<category><![CDATA[Santander News]]></category>
		<category><![CDATA[charges]]></category>
		<category><![CDATA[current accounts]]></category>
		<category><![CDATA[text alerts]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17659</guid>
		<description><![CDATA[Britain&#8217;s biggest banks are improving the ways in which they operate personal current accounts, with the aim of helping millions of people keep on top of their finances. According to the British Bankers’ Association (BBA), all full service current account holders will in future receive: 1. Text alerts when account balances gets close to their [...]]]></description>
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		<title>HMRC targets HSBC offshore savers</title>
		<link>http://www.bankingtimes.co.uk/2011/10/14/hmrc-targets-hsbc-offshore-savers/</link>
		<comments>http://www.bankingtimes.co.uk/2011/10/14/hmrc-targets-hsbc-offshore-savers/#comments</comments>
		<pubDate>Fri, 14 Oct 2011 07:31:02 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[Savings & Investment News]]></category>
		<category><![CDATA[HMRC]]></category>
		<category><![CDATA[Swiss bank accounts]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=17151</guid>
		<description><![CDATA[HM Revenue &#038; Customs (HMRC) says it will shortly begin writing to UK residents and organisations holding Swiss bank accounts with HSBC in Geneva. Those targeted are unlikely to have reported all their income and gains to the Revenue, which is acting on information received last year indicating that over 6,000 UK individuals, companies, and [...]]]></description>
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		<title>UK banks enjoy £46bn in subsidies</title>
		<link>http://www.bankingtimes.co.uk/2011/09/09/uk-banks-enjoy-46bn-in-subsidies/</link>
		<comments>http://www.bankingtimes.co.uk/2011/09/09/uk-banks-enjoy-46bn-in-subsidies/#comments</comments>
		<pubDate>Fri, 09 Sep 2011 06:47:13 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Barclays News]]></category>
		<category><![CDATA[Financial Reports News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[Lloyds Banking Group News]]></category>
		<category><![CDATA[Nationwide News]]></category>
		<category><![CDATA[RBS News]]></category>
		<category><![CDATA[new economics foundation]]></category>
		<category><![CDATA[subsidies]]></category>
		<category><![CDATA[taxpayer guarantee]]></category>
		<category><![CDATA[too big to fail]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=16578</guid>
		<description><![CDATA[&#8220;Banks occupy a unique position in our economy and enjoy privileges that other industries can never hope for.&#8221; The claim comes from the New Economics Foundation (NEF), which argues that the UK&#8217;s large banks are benefiting hugely from lower borrowing costs, which are only possibly because an implicit taxpayer guarantee means the markets view lending [...]]]></description>
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		<title>HSBC sheds 3,000 Honk Kong jobs</title>
		<link>http://www.bankingtimes.co.uk/2011/09/08/hsbc-sheds-3000-honk-kong-jobs/</link>
		<comments>http://www.bankingtimes.co.uk/2011/09/08/hsbc-sheds-3000-honk-kong-jobs/#comments</comments>
		<pubDate>Thu, 08 Sep 2011 06:47:28 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking Jobs News]]></category>
		<category><![CDATA[Banking News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[Hong Kong]]></category>
		<category><![CDATA[job losses]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=16558</guid>
		<description><![CDATA[HSBC is to shed 3,000 jobs from its Hong Kong offices over a three-year period, Reuters has reported. Last month, the group confirmed that it is targeting cost savings of between $2.5 billion and $3.5 billion by 2013, and has begun restructuring its Latin American, US, UK, French and the Middle Eastern operations. Around 30,000 [...]]]></description>
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		<title>US agency sues Barclays, HSBC and RBS</title>
		<link>http://www.bankingtimes.co.uk/2011/09/03/us-agency-sues-barclays-hsbc-and-rbs/</link>
		<comments>http://www.bankingtimes.co.uk/2011/09/03/us-agency-sues-barclays-hsbc-and-rbs/#comments</comments>
		<pubDate>Sat, 03 Sep 2011 14:16:13 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking News]]></category>
		<category><![CDATA[Barclays News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[RBS News]]></category>
		<category><![CDATA[damages]]></category>
		<category><![CDATA[Federal Housing Finance Agency]]></category>
		<category><![CDATA[sued]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=16466</guid>
		<description><![CDATA[Barclays, HSBC and Royal Bank of Scotland (RBS) are listed among 17 financial institutions being sued by the US Federal Housing Finance Agency (FHFA) over the sale of residential mortgage-backed securities (RMBSs). The FHFA came into being in 2008 when US state-backed mortgage lenders, Fannie Mae and Freddie Mac, had to be rescued, and law [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Capital One acquires HSBC&#8217;s US credit card business</title>
		<link>http://www.bankingtimes.co.uk/2011/08/10/capital-one-acquires-hsbcs-us-credit-card-business/</link>
		<comments>http://www.bankingtimes.co.uk/2011/08/10/capital-one-acquires-hsbcs-us-credit-card-business/#comments</comments>
		<pubDate>Wed, 10 Aug 2011 09:26:53 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking Jobs News]]></category>
		<category><![CDATA[Banking News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[Capital One]]></category>
		<category><![CDATA[US credit card business]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=16181</guid>
		<description><![CDATA[Capital One is acquiring HSBC&#8217;s US credit card business for approximately $2.6 billion. The transaction includes a credit card portfolio of around $30 billion, ongoing private label and co-branded partnerships plus infrastructure and capabilities that should enhance Capital One&#8217;s partnership platform for future growth. The group will be raising approximately $1.25 billion of fresh capital [...]]]></description>
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		<title>CML appoints new chairman</title>
		<link>http://www.bankingtimes.co.uk/2011/08/08/cml-appoints-new-chairman/</link>
		<comments>http://www.bankingtimes.co.uk/2011/08/08/cml-appoints-new-chairman/#comments</comments>
		<pubDate>Mon, 08 Aug 2011 11:07:18 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Banking Jobs News]]></category>
		<category><![CDATA[Banking News]]></category>
		<category><![CDATA[HSBC News]]></category>
		<category><![CDATA[chairman]]></category>
		<category><![CDATA[CML]]></category>
		<category><![CDATA[Council of Mortgage Lenders]]></category>
		<category><![CDATA[Martijn Van der Heijden]]></category>
		<category><![CDATA[Nigel Terrington]]></category>
		<category><![CDATA[Stephen Noakes]]></category>

		<guid isPermaLink="false">http://www.bankingtimes.co.uk/?p=16138</guid>
		<description><![CDATA[Martijn Van der Heijden, head of lending at HSBC, becomes chairman of the Council of Mortgage Lenders (CML) today, replacing Colin Walsh who has vacated the post due to his forthcoming departure from Lloyds Banking Group. Mr Van der Heijden worked at HBOS and Santander before joining HSBC in 2007 and has been deputy chairman [...]]]></description>
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