Singapore markets closed
  • Straits Times Index

    2,991.53
    -25.62 (-0.85%)
     
  • Nikkei

    28,631.45
    -125.41 (-0.44%)
     
  • Hang Seng

    29,447.85
    -479.91 (-1.60%)
     
  • FTSE 100

    6,695.07
    -20.35 (-0.30%)
     
  • BTC-USD

    32,877.74
    +547.52 (+1.69%)
     
  • CMC Crypto 200

    651.44
    +41.45 (+6.79%)
     
  • S&P 500

    3,841.47
    -11.60 (-0.30%)
     
  • Dow

    30,996.98
    -179.03 (-0.57%)
     
  • Nasdaq

    13,543.06
    +12.15 (+0.09%)
     
  • Gold

    1,855.50
    -10.40 (-0.56%)
     
  • Crude Oil

    51.98
    -1.15 (-2.16%)
     
  • 10-Yr Bond

    1.0910
    -0.0180 (-1.62%)
     
  • FTSE Bursa Malaysia

    1,596.74
    +1.94 (+0.12%)
     
  • Jakarta Composite Index

    6,307.13
    -106.77 (-1.66%)
     
  • PSE Index

    7,045.83
    -94.46 (-1.32%)
     

Don't sacrifice Hong Kong for a banker's bonus, UK tells HSBC

·1-min read

LONDON (Reuters) - British Foreign Secretary Dominic Raab reprimanded HSBC <HSBA.L> and other banks on Wednesday for supporting China's new security law, saying the rights of Hong Kong should not be sacrificed for bankers' bonuses.

Senior British and U.S. politicians criticised HSBC and Standard Chartered <STAN.L> last month after the banks backed China's national security law for the territory.

"On HSBC and banks, I've been very clear in relation with HSBC and ... all of the banks: the rights and the freedoms and our responsibilities in this country to the people of Hong Kong should not be sacrificed on the altar of bankers' bonuses," Raab told parliament.

A spokeswoman for HSBC declined to comment.

(Reporting by Guy Faulconbridge; editing by Stephen Addison)