HSBC CEO on Farage-Coutts spat: ‘We do not exit purchasers primarily based on their lawful personalized views’

HSBC CEO on Farage-Coutts spat: ‘We do not exit purchasers primarily based on their lawful personalized views’


Critical Points
  • Although refusing to explore specifics of other banking institutions and their consumers, HSBC manager Quinn informed CNBC on Tuesday that “our policy is not to debank or exit a client primarily based on their lawful private views.”
  • The prospective closure of Farage’s account with elite non-public bank Coutts triggered a heated discussion in the U.K. and rocked the domestic banking field.
  • Farage was originally available an account at large street financial institution NatWest as an choice.



Resource

Here are 3 forces that drove the stock market during Wall Street’s comeback week
Finance

Here are 3 forces that drove the stock market during Wall Street’s comeback week

The stock market staged a comeback last week, even as Wall Street waded through a flurry of both upbeat and unsettling headlines. The Nasdaq broke its five-week losing streak on Friday, buoyed by strong advances from our big tech names like Meta Platforms , Nvidia and Amazon . The tech-heavy index ended the week 1.9% […]

Read More
Market volatility trap? Why this income-first strategy may ‘leave a lot on the table’
Finance

Market volatility trap? Why this income-first strategy may ‘leave a lot on the table’

ETF Edge Market volatility trap? Why this income-first strategy may ‘leave a lot on the table’ Published Sat, Feb 21 202611:00 AM EST Blair Bao WATCH LIVE Source

Read More
Stocks making the biggest moves premarket: Grail, Blue Owl Capital, Opendoor Technologies & more
Finance

Stocks making the biggest moves premarket: Grail, Blue Owl Capital, Opendoor Technologies & more

Check out the companies making headlines before the bell. Grail — Shares cratered 47% after the company said a trial of one of its drugs missed its primary endpoint and failed to show statistically significant Stage III-IV cancer reduction. Blue Owl Capital — Shares slid nearly 3%, a day after after the private market and […]

Read More