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HSBC Hit By Swiss Private Bank New Business Ban; Few Credit Impacts

FINANCIALS

HSBC (HSBC: A3/A-/A+) has been hit by a new business ban by FINMA in Switzerland over money laundering failures. No financial penalty included, and the ban appears temporary so we see few credit impacts here.


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HSBC (HSBC: A3/A-/A+) has been hit by a new business ban by FINMA in Switzerland over money laundering failures. No financial penalty included, and the ban appears temporary so we see few credit impacts here.


Keep reading...Show less