HSBC Executive Apologizes For Calling UK 'Weak' For Complying With US Over China Restrictions
Portfolio Pulse from Benzinga Neuro
HSBC's head of public affairs, Sir Sherard Cowper-Coles, has apologized for criticizing the UK's compliance with US-China business restrictions. He had previously accused the UK government of being 'weak' for complying with US demands to cut back business dealings with China. These comments were made during a private discussion and were his personal views, not reflecting the views of HSBC or the China-British Business Council.
August 07, 2023 | 9:00 am
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HSBC's head of public affairs apologized for his personal comments criticizing the UK's compliance with US-China business restrictions. This could potentially impact HSBC's relations with the UK and US governments.
The apology from HSBC's head of public affairs could potentially ease any tensions that may have arisen due to his comments. However, it's uncertain how this will impact HSBC's stock in the short term as it depends on the reactions of the UK and US governments.
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