Britain’s high court on Friday blocked Chinese telecom giant Huawei’s bid to access British bank HSBC’s internal documents relating to U.S. fraud allegations against its chief financial officer Meng Wanzhou. Meng, 49, was arrested by Canadian police on a U.S. warrant in December 2018 while on a layover in Vancouver, bound for Mexico. The United…
Huawei Seeks to Access HSBC Files in Bid to Prevent Meng Wanzhou Extradition
Chinese telecom giant Huawei has started legal action in the UK seeking access to internal documents of British-based bank HSBC, in a bid to prevent the extradition of its senior executive Meng Wanzhou from Canada to the United States. Meng, 48, was arrested by Canadian police on a U.S. warrant in December 2018 while on…
Lawmakers Challenge HSBC on Hong Kong Activist’s Frozen Accounts
An international coalition of lawmakers has written to HSBC Holdings Chairman Mark Tucker, calling on the bank to unfreeze Hong Kong pro-democracy activist Ted Hui’s accounts. In a letter, the Inter-Parliamentary Alliance on China, a group of legislators from countries including Britain, Australia, Japan, and the United States, criticized the bank for its freezing of…
NTD Business Full Broadcast (Jan. 27)
President Biden pauses new oil and gas leases — and cuts fossil fuel subsidies. It’s part of his focus on climate change, but many worry how it’ll affect jobs. GameStop stocks more than doubled on Wednesday. It’s become a battleground between small investors and hedge funds. And British lawmakers summon the CEO of the country’s largest…
HSBC ‘Aiding Crackdown on Democracy,’ British Lawmakers Say
January 27, 2021
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LONDON—HSBC is “aiding and abetting one of the biggest crackdowns on democracy in the world,” British lawmaker Chris Bryant told the bank’s chief executive Noel Quinn on Tuesday in a hearing over its freezing of Hong Kong democrats’ bank accounts. The CEO’s summons to face the cross-party Foreign Affairs Committee came after former Hong Kong…
HSBC Says Customers Who Don’t Wear Face Masks Could Have Bank Accounts Terminated
Banking company HSBC told its UK customers that if they refuse to wear a mask in an HSBC branch, they could have their accounts closed. Jackie Uhi, head of the branch network, told the Daily Mirror tabloid that those who do not comply with the mask rule will have their relationship with HSBC severed. “Sadly,…
HSBC Says UK Bank Customers Who Won’t Wear Face Masks May Have Accounts Closed
HSBC told its UK customers that they could have their accounts closed if they refuse to wear a face mask in a branch of the bank. Jackie Uhi, head of the branch network, told the Daily Mirror tabloid that those who don’t comply with the rule will have their relationship with HSBC severed. “Sadly, some…
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