This HKDC report specifically named and criticized financial institutions such as HSBC, Standard Chartered Bank, Citibank, Goldman Sachs Group, Blackstone Group, and Carlyle Group, who are sending their executives to come or even as guest speakers.

As a result, many online commentators speculated that HSBC had tipped off the police, leading to the arrests. HSBC rejected the claim, in a statement on Twitter. “We closed the account in Nov19 following direct instruction with the customer.

Hong Kong's security chief sent letters to Lai and branches of HSBC and Citibank this month threatening up to seven years in prison for any dealings with the billionaire's accounts in the city, according to documents seen by Reuters.

In the agreement, Meng admitted to having committed fraud in her dealings with HSBC bank, during which she concealed Huawei’s business in Iran through its control of Skycom. 

investigated wig manufacturer Henan Rebecca Hair Products, which is listed on the Shanghai stock exchange and is a popular recipient of international investment—including from institutions such as ING, Morgan Stanley, Deutsche Bank, Merrill Lynch, and HSBC

U.S. authorities alleged that Meng lied to HSBC about the business dealing of Huawei Technologies to obtain financing, which exposed the bank to risks of violating U.S. economic sanctions against Iran. Meng has denied the allegations.

HSBC and JP Morgan are among those to announce the shift, with Lloyds Bank confirming it will reduce its office space by 20 percent as working from home becomes a permanent lifestyle (pdf).

The United States has settled some 600 of these, including for sums in the eight and nine digits with a Who’s Who of industry, among them Goldman Sachs ($2.9 billion), JP Morgan ($1.7 billion), HSBC ($1.9 billion), and Toyota ($ 1.2 billion).

Combined with a relatively higher base, this means year-on-year GDP growth is expected to slow to 7.2 percent in Q2 from 18.3 percent in Q1," said analysts at HSBC.

Meng was arrested in Vancouver on Dec. 1, 2018, on a U.S. extradition request related to fraud charges for allegedly misleading HSBC in 2013 about Huawei’s business dealings in Iran, in violation of U.S. sanctions.

Meng, who is under house arrest at one of her Vancouver mansions while her case is being heard, is accused of bank fraud and conspiracy to mislead HSBC and other financial institutions to breach U.S. sanctions against Iran.

Meng was charged for lying to multiple financial institutions, such as the HSBC, about her company’s business in Iran, which led the banks to risk violating U.S. sanctions.

Meng was arrested on an extradition warrant issued by a New York court, based on allegations that she had lied to HSBC about her company’s business operations in the Middle East in order to secure funding, which exposed the bank to violate U.S. sanctions

(香港交易所), HSBC Holdings plc. (匯豐控股) and AIA Group (友邦保險集團).

At the company level, technology firms Amazon Inc, Microsoft Corp, and Apple Inc contributed the most to the performance, while oil firm Royal Dutch Shell, banks HSBC Holdings, and JP Morgan Chase  performed the worst.

That followed the December 2018 arrest of Huawei Technologies Ltd. executive Meng Wanzhou in Vancouver on U.S. charges of lying to the Hong Kong arm of the British bank HSBC about possible dealings with Iran in violation of trade sanctions.

None other than China-bulls BlackRock, HSBC, and Swiss investment bank UBS. Or more accurately, the investors in their fund vehicles will be hurt. From the CCP’s perspective, it was necessary triage.

BlackRock and investment banks HSBC and UBS have been among the largest buyers of Evergrande's debt, Morningstar data and a blog post show. Other bondholders include UBS Asset Management and Amundi, Europe's largest asset manager.

Meng was accused of bank fraud when she reportedly lied to HSBC about her company’s business relations with Iran. The arrest of the "two Michaels" is widely believed to be China’s retaliation against Canada.

Last week an HSBC UK survey showed 40 percent of British importers and exporters said the shift to a new trading arrangement with the EU had made trade more cumbersome.

According to the agenda of the summit, the meeting also included Noel Quinn, CEO of HSBC, Bill Winters, CEO of Standard Chartered, and heads of Goldman Sachs, Morgan Stanley, and UBS.

His comments followed a report on Saturday from Singapore-based Straits Times, which said that Malaysia had seized the funds from CPP's account at HSBC Malaysia. HSBC declined to comment, citing client confidentiality.

Officials for Goldman and HSBC declined to comment. BofA, BNPP, and JPMorgan didn’t immediately respond to requests for comment.

The United States had accused Meng of misguiding multiple financial institutions, including HSBC, to provide services to Huawei Technologies Co. Ltd., which led the banks to violate U.S. sanctions on Iran.

Hong Kong is the regional hub for many global financial firms, and accounts for the bulk of the profits for firms such as HSBC and Standard Chartered.

According to Reuters, more than 160 Western firms with assets of at least $70 trillion have signed up, of which 43 are banks—as part of the Net-Zero Banking Alliance (NZBA)—including Barclays, Morgan Stanley, HSBC, and Citi.

HSBC denied any connection between the crackdown and its closure of a bank account linked to the group, but remains the target of protester rage.

In 2012, HSBC paid $1.92 billion and entered a deferred prosecution agreement with the U.S. Attorney's office in Brooklyn for violating U.S. sanctions and money-laundering laws. An HSBC spokesperson declined to comment.

Meng is accused of misrepresenting Huawei's relationship with Skycom during a 2013 PowerPoint presentation to HSBC, putting the bank at risk of violating U.S. sanctions against Iran.

"It's not a reflection on Barclays, HSBC, or NatWest if that person goes off and has a political career or political message with which the bank is not comfortable, because we're not asking the bank to subscribe to it," she said.