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.
The post Reuters reveals HSBC steps up scrutiny of Russian clients worldwide as sanctions ratchet up appeared first on Reuters News Agency.
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