Reuters reveals HSBC steps up scrutiny of Russian clients worldwide as sanctions ratchet up - Reuters News Agency
Business & FinancePolitics

Reuters reveals HSBC steps up scrutiny of Russian clients worldwide as sanctions ratchet up

Reuters exclusively reported HSBC is shunning prospective Russian clients and declining credit to some existing ones, as the bank seeks to shield itself from Western sanctions against Moscow. The measures affect HSBC’s individual and business customers globally and go further than the bank’s previously stated intentions to wind down its relations with lenders such as VTB.

Article Tags
Topics of Interest: Business & FinancePolitics
Type: Reuters Best
Sectors: Business & FinanceFinancial Services
Regions: Asia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
HSBC
Sign up for email updates
Subscribe
Sign up for email updates