Powell signals hope for ‘more normal conditions’, US Russia sanctions, HSBC’s pivot east
FT News Briefing
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Navigating Geopolitical Tensions and Growth in Asian Markets
This chapter explores the difficulties faced by a major bank due to geopolitical tensions in Hong Kong and their financial impacts. It also discusses the bank's strategic decisions to reduce its presence in London while enhancing wealth management services in Asia, reflecting a wider trend among global banks to focus on the region's growth potential.
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Transcript
