HSBC Slumps as Trump Advisors Weigh Moves to Punish Hong Kong Banks

Jul.08 — HSBC Holdings Plc, which draws more than two-thirds of its pretax income from Hong Kong, slumped as advisers to U.S. President Donald Trump were said to be discussing a move to punish banks in the city and destabilize the currency peg to the dollar. Annmarie Hordern reports on “Bloomberg Markets: European Open.”

In This Story: Donald Trump

This story features US President Donald Trump. Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. See more Donald Trump news here.

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