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Sunday, July 26, 2020

HSBC Defends Cooperation With U.S. Prosecutors, Denies Setting Trap for Huawei - The Wall Street Journal

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HSBC Holdings PLC has issued a statement defending its cooperation with U.S. prosecutors in a case against China’s Huawei Technologies Co. after Chinese state media said the bank had set Huawei up.

HSBC said the U.S. Justice Department made formal requests for information about Huawei, a former HSBC client, and that it didn’t “set a trap” for Huawei to break U.S. sanctions, as Chinese newspaper People’s Daily wrote in an article Friday. The statement comes amid intensifying U.S.-China tensions over trade, Hong Kong and Huawei...

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July 26, 2020 at 11:21PM
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HSBC Defends Cooperation With U.S. Prosecutors, Denies Setting Trap for Huawei - The Wall Street Journal

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