Opinion
HSBC’s East-West Split Isn’t Just About Cutting Costs
The fallout left HSBC scrambling to placate governments and corporations in both east and west. The political standoff between the US and China hasn’t improved since; if Donald Trump returns to the White House next January, things could get even more tricky for any business caught in between.
Transcript: HSBC’s east-west split
Sonja Hutson Good morning from the Financial Times. Today is Wednesday, October 23rd and this is your FT News Briefing. Jobs are on the chopping block at another Big Four firm and HSBC is reshuffling its business. Plus, South Korea is accusing Russia of sending North Korean soldiers to fight in Ukraine.
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