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Tag Archives: HSBC

HSBC under fire in UK for backing China’s Hong Kong law

London, United Kingdom | AFP |  Asia-focused banking giant HSBC’s vocal support for China’s controversial Hong Kong security law has not been well received in Britain, the former ruler of the city. The London-headquartered lender last week backed Beijing’s contentious legal proposal for Hong Kong, which critics fear will be used …

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Barclays rebounds into profit in 2018

London, United Kingdom | AFP | Barclays rebounded sharply into profit in 2018, as a vast hit from the previous year on the sale of its African business was not repeated, the British bank announced Thursday. The lender’s performance came despite vast litigation costs and a new charge on the impact …

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