HSBC's Liao: Customers Adopting Cautious Stance Amid Escalating Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: Bloomberg
Shift in Customer Base: HSBC Asia and Middle East CEO David Liao reports a shift in the bank's customer base towards a "risk-off mode" due to the ongoing Iran conflict.
Stable Balance Sheets: Despite the shift in customer behavior, Liao emphasizes that the bank's balance sheets remain fairly stable across both wholesale and retail businesses.
Engagement with Investors: Liao spoke to Bloomberg regarding these developments on the sidelines of the HSBC Global Investment Summit in Hong Kong.
Source of Information: The information was sourced from Bloomberg.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
