Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners Business live – latest updates Campaigners have renewed calls for a windfall tax on UK banks that could raise £19bn towards Andy Burnham’s cost of living agenda, after HSBC raked in $10.1bn (£7.5bn) worth of

HSBC has announced a $1bn share buyback scheme after first-half profits jumped by 23%.

HSBC has rounded off a bumper reporting season for the UK’s high street banks.

HSBC has rounded off a bumper reporting season for the UK’s high street banks.

HSBC has rounded off a bumper reporting season for the UK’s high street banks.

The TUC says there is a "mountain of evidence" for new PM Andy Burnham and Chancellor John Healey to announce a windfall tax on banks' booming profits in the autumn Budget

Metro Bank secured its highest half-year profit on record in the first six months of 2026 as it bucked an industry-wide trend of branch closures and grew its small business offering. The FTSE 250 bank recorded a £60.7m pre-tax profit, up 41 per cent from the same period last year. This was driven by a…

The half-year results followed several major transactions by HSBC as it sought to dispose of some of its businesses in Asia. © ReutersLORRETTA CHENAugust 4, 2026 15:12 JSTHONG KONG -- HSBC on Tuesday reported a 23% jump in pre-tax profit for the first half of 2026, mainly boosted by higher fee-related income at its wea

Dado Ruvic | ReutersHSBC reported second-quarter pre-tax profit of $10.1 billion on Tuesday, exceeding analysts' estimates on the back of stronger growth in banking net interest income and other higher fees. Revenue at Europe's largest lender gained 16% year-on-year, helped by a one-off gain of $1.3 billion from notabl

The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has commended Ghana National Gas Limited Company (Ghana Gas) for its strong operational and financial performance, describing the company as a key contributor to Ghana’s energy security and industrial growth.