HSBC's Hong Kong Shareholder Meetings

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HSBC's deal to buy Silicon Valley Bank UK was not an easy conversation for the bank's top executives. Most of these shareholders aren't wealthy financiers but they're still influential. Hong Kong shareholders are like a really crucial constituency that HSBC has to keep happy.

Former US president Donald Trump pleaded not guilty to 34 felony charges in court on Tuesday, Credit Suisse held its last annual general meeting, and shareholders at HSBC rail over the company’s decision to buy Silicon Valley Bank’s UK business.

Mentioned in this podcast:

Donald Trump pleads not guilty to criminal charges in New York

Credit Suisse chair apologises to investors at bank’s final AGM

HSBC forced to defend SVB UK deal to fractious Hong Kong shareholders

Credit Bloomberg Televsion: Credit Suisse Chairman: This Is a Sad and Historic Day

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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