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HSBC to pull out of Australian retail banking market

The London-headquartered HSBC is closing all Australian branches over the next 18 months after selling its local mortgage and personal loan portfolio to the global asset giant Blackstone.

UK savings deals: the heat is on as banks offer up to 8%

You can currently get instant- and easy-access accounts that pay up to 5% interest, and fixed-rate savings bonds that pay almost that much. Meanwhile, those looking for a regular savings account can now get up to 8%.

Alan Greenspan obituary

American economist and long-serving head of the Federal Reserve widely praised for the US boom whose reputation was re-evaluated in the wake of the 2008 crash