HSBC

The Co-operative Bank has appointed the former head of HSBC's North American propositions as its new chief executive.

HSBC plans to cut an additional 14,000 jobs as part of a worldwide restructure, the BBC reports.

HSBC has reported profits doubled in the first quarter of the year compared to the same period in 2012 as the lender nears the end of a three-year restructuring programme.

The Financial Conduct Authority (FCA) has given Britain's biggest banks permission to start paying the estimated £2bn-plus compensation owed to small firms that were mis-sold derivatives products.

Banking giant HSBC has proposed reducing staff numbers by 1,149 as part of a restructure of its wealth business.

SECTOR REPORT

A quarter of UK bank customers have experienced problems with their account in the past 12 months, according to a survey by consumer group Which?.

The IFA Centre and law firm Harcus Sinclair have today launched a website designed to handle the public response to news that Harcus Sinclair is building a case against Capita Financial Managers on behalf of investors in the Arch Cru funds.

Some of the UK's biggest high street banks are failing to give the right advice to customers on transferring and managing their cash Isas, according to the results of a 'mystery shopping' exercise.

Shares in banking giant HSBC fell 2% in early trading today as it reported profit before tax was $20.6bn(£14bn) in 2012, down 6% on 2011.