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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