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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
Sources claim HSBC committees have amended reports to soften the language. 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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