trending Market Intelligence /marketintelligence/en/news-insights/trending/_V9ECao6Ftm4ooVFu9mY7A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

HSBC to increase overdraft rate to 39.9% across all accounts in 2020

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

HSBC to increase overdraft rate to 39.9% across all accounts in 2020

HSBC UK Bank PLC will increase its overdraft charge rate in the U.K. to 39.9% across all accounts from a range of 9.9% to 19.9% currently, effective March 2020, to comply with new regulations.

The lender said Dec. 4 that it will also remove a £5 daily fee for going into an unarranged overdraft, reduce the monthly maximum charge on unarranged overdrafts to £20 from £80 and also introduce a £25 buffer free of interest on certain accounts.

It comes as the Financial Conduct Authority in June confirmed reforms to fix the country's "dysfunctional" overdraft market, including requiring banks and building societies to price overdrafts by a simple annual interest rate, as well as advertise arranged overdraft prices with annual percentage rates to help compare them against other products.