In the early 2010s, a pack of financial technology startups hit the market with an offer that many consumers found hard to refuse: international money transfers for a fraction of what banks charge.

Bloomberg wrote that the app was on its way to ... the bad habit of including hidden FX markups when converting money from one currency to another. “Today HSBC charges their own customers ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC’s failed mobile app Zing had fewer than 9,000 active customers in the month before its closure was ...

Bloomberg wrote that the app was on its way to the App Store ... as the company has the bad habit of including hidden FX markups when converting money from one currency to another. “Today HSBC charges ...