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HSBC Removing References to Ukraine ‘War’ From Reports – FT

Softening of language triggers internal debate and strong complaints from some staff

HSBC Ukraine reports claims
The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London. Photo: Reuters


HSBC has repeatedly edited its analysts’ research publications to remove references to a “war” in Ukraine, as the UK bank resists pressure to follow rivals by closing its business in Russia, according to a report in The Financial Times.

Moscow officials have consistently denied that Russia’s invasion of Ukraine constitutes a war, calling it a special military operation justified on grounds of self-defence. And sources claim HSBC committees that review all external-published research and client communications have amended multiple reports to soften the language used on the subject, including changing the word “war” to “conflict.”

Full story: The Financial Times.


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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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