HSBC was established to attach the West and the East. It has been a sound technique for many of the previous 155 years, however at present has the financial institution caught in a geopolitical net over which it has little management.
On Monday, the financial institution introduced disappointing second-quarter outcomes on account of Covid-19-related provisions. But the fallout from the well being disaster appears manageable in contrast with the political uncertainties HSBC faces in every of its most important markets: China’s creeping management over Hong Kong, escalating tensions between Washington…