Virgin Money, Clydesdale Bank, HSBC and Suffolk BS change rates post-base rate cut

Fehr joins HSBC as bank unveils GTS leadership team

HSBC has announced the full leadership team for its Global Trade Solutions (GTS) business, including appointing Kai Fehr as global head of industry groups and partnerships.  The bank’s launch of GTS last year, led by global head Vivek Ramachandran, marked a major rebrand to reflect “seismic changes” in the international trade environment, chief operations officer Tom Elliott previously told GTR.  Fehr joins HSBC after four years as global head o…

Virgin Money, Clydesdale Bank, HSBC and Suffolk BS change rates post-base rate cut

The post Virgin Money, Clydesdale Bank, HSBC and Suffolk BS change rates post-base rate cut appeared first on Mortgage Solutions.

Suffolk Building Society cuts SVR by 0.25%

Suffolk Building Society has reduced its standard variable rate (SVR) by 0.25% following the Bank of England’s (BoEs) base rate cut on 8th May.  The SVR now stands at 7.89%.  Customers on base rate tracker, discount rates, and paying SVR will see their monthly payments drop by the same amount from 1st June. Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “We’re pleased to be able to reduce our SVR by the full amount…