“The figures published in the past week still show signs that the banks are trying to do as little as they can get away with to reward our constituents for saving,” she said. “We will continue to press for individual and business savers to be rewarded.”
Noel Quinn, HSBC chief executive said: “There was good broad-based growth across all businesses and geographies, supported by the interest rate environment.”, announced a further $3bn share buy-back scheme to return money to its shareholders, bringing total buy-backs to $7bn this year Barclays said the savings market had become “extremely competitive” and reported a 6 per cent drop in deposits in the UK.
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