{
  "id": 125547,
  "title": "Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn",
  "url": "https://urgent.news/2026/08/04/calls-for-uk-bank-tax-to-fund-cost-of-living-help-as-hsbc-profits-hit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T10:47:52.000Z",
  "source": {
    "name": "Guardian Business",
    "slug": "guardian-business",
    "url": "https://www.theguardian.com/business/2026/aug/04/uk-bank-tax-hsbc-profits-andy-burnham"
  },
  "original_language": "en",
  "account": null,
  "summary": "HSBC has reported a profit of £7.5bn for the second quarter of the year, a 60% increase from the same period last year. The bank's profits were boosted by fees from wealth management and insurance business, as well as higher interest rates.\n\nCampaigners are calling for a windfall tax on UK banks, which they say could raise £19bn to help fund support for those struggling with bills, according to the Guardian Business.\n\nHSBC's Chief Executive Officer Georges Elhedery spoke to Bloomberg about the bank's announcement of a fresh stock buyback following its earnings report.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Euronews",
        "title": "HSBC profit jumps as bank unveils major share buyback plan",
        "url": "https://urgent.news/2026/08/04/hsbc-profit-jumps-as-bank-unveils-major-share-buyback-plan",
        "published": "2026-08-04T12:02:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}