Marks & Spencer to launch HSBC-powered bank

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M&S bank willuse HSBC for back-end

Source:  HSBC

The new bank will be powered by HSBC, which was the first bank to offer telephone banking, when it launched First Direct. Joe Garner, Head of HSBC in the UK, said: "This is our most significant innovation in retail banking since we launched First Direct over 22 years ago.  It is concrete evidence of HSBC increasing innovation, competition and investment in the UK."

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