Factoring Blog » Basel 11 http://factoringblog.co.uk News, views and gossip from the world of factoring and invoice discounting Mon, 09 Aug 2010 16:04:46 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 HSBC increase their factoring charges due to Basel 11 ? http://factoringblog.co.uk/?p=130 http://factoringblog.co.uk/?p=130#comments Sun, 01 Feb 2009 17:09:26 +0000 Ian http://factoringblog.co.uk/?p=130 I heard last week that the factoring division of HSBC had increased the interest charge to one of their recruitment company clients from 1.5% over Base to 3.5% over Base and had also increased the factoring service charge. They stated that the reason for this was down to Basel 11

In the same week I read an article in The Times that said “History, of a sort, was made this week when HSBC declared that, from next month, it will be offering its “lowest mortgage rate ever” – a super-cheap 2.99 per cent deal”

Something doesn’t quite add up here

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