Regional CEO, Europe & Americas and CEO, Private Bank, Regional CEO, Greater China & North Asia and CEO, Retail Banking, and Wealth Management, CEO Corporate, Commercial and Institutional Banking, Group Head, Corporate Affairs, Brand & Marketing, Conduct, Financial Crime and Compliance. Foreign Secretary Dominic Raab urged banks on Wednesday not to 'sacrifice' Hong Kong's freedoms in their bid to boost profits in Asia. What next for Neil Woodford and his investors?
Benedict Rogers, deputy chairman of the Conservative Human Rights Committee and co-founder of Hong Kong Watch, said: 'My understanding is that the US sanctions are principally aimed at Chinese financial institutions and not the international banks like HSBC at this stage. Kilcoyne said: 'These banks do make a lot of money in Asia – but if they're going to lose a lot of customers over this in the long term, that's not good for shareholders.'. We do not write articles to promote products. That’s why we continue to deliver comprehensive learning programmes, while more than 50 country-based employee networks and three global diversity networks. Our committed workforce now numbers 85,000 colleagues, nearly half of whom are women. Please try again. The Board considers the impact of the decisions it makes, and its responsibilities to all our stakeholders, including colleagues, shareholders, regulators, clients and suppliers, as well as to the environment and the communities where we operate. A THIRD of self-employed workers remain ineligible for coronavirus earnings support as Chancellor doubles income allowance for the rest, MARKET REPORT: Gloomy winter ahead for airlines as quarantine restrictions mean more flights are grounded, Savers pile into America: Investors flock to funds with heavy exposure to the booming US stock market, Nationwide to issue eco-friendly credit and debit cards made from recycled plastic, Airbnb hires Apple legend Sir Jony Ive for redesign ahead of a £23bn float later this year, Countrywide investors clash over estate agent's planned rescue by private equity firm, London landlord Shaftesbury seeks to raise £297m in cash call as it struggles to survive the virus crisis, Is diesel at death's door?
Are 'cheap' bank shares an opportunity to profit or a value trap? 'The Chinese will very likely react by forcing other British businesses to take sides one way or the other.'.
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He added that HSBC's position on Hong Kong was a 'kick in the teeth' for its UK customers and shareholders, and that he knew 'a lot of people' who had switched from HSBC to another bank in recent months. Telegraph Markets Hub is developed and provided by, If you have a question, comment, or general feedback about Markets Hub, donât hesitate to contact us. View our Board diversity policy and download details of our directors' roles and responsibilities. Further to the announcement by Standard Chartered PLC (the “Company”) on 19 March 2020, Louis Cheung stepped down as an independent Non-Executive Director of the Company with effect from 25 March 2020. Foreign Secretary Dominic Raab urged banks on Wednesday not to 'sacrifice' Hong Kong's freedoms in their bid to boost profits in Asia.
Hundreds of people have already been arrested in the territory amid protests this week as the law came into force.
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We are no longer accepting comments on this article. HSBC and Standard Chartered in particular – both of which are headquartered in London, but do most of their business in Asia – have already come under fire from politicians in the UK and the US for supporting a draconian national security law imposed by China on Hong Kong. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
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