Catch up with the latest business and finance news in our round-up…

Insurance companies facing huge increase in data privacy requests

Insurance firms and banks are among those set to be inundated with requests for personal information, according to a survey of 3,000 adults commissioned by Veritas Technologies.

HSBC announces a 4% fall in pre-tax profit

Europe’s largest bank by assets has announced a fall in profit before tax in the first quarter of 2018. It has been reported that this is down to a rise in operating costs.

House of Fraser may have to pay millions into pension scheme

It has emerged that House of Fraser may have to fund a multimillion-pound injection into its pension scheme and secure the support of the pension protection fund.  

Bank of America moving 125 UK jobs to Ireland because of Brexit

The bank announced the news as part of the merger of its UK and Irish subsidiaries ahead of Brexit and has said that more relocations will be made in the future.

Richard Branson to launch investment fund

Sir Richard Branson is to become a partner in a private equity fund. It will be co-managed by Metric Capital, an investment firm based in London.