From Yahoo Finance: 2025-05-02 05:19:00

HSBC Chairman Mark Tucker warns of economic uncertainty due to shifting global trade relations, making it challenging for banks to provide an accurate medium-term outlook. Despite this, HSBC aims to meet targets and deliver healthy returns in 2025. The bank remains committed to achieving net zero carbon emissions by 2050, after ditching the 2030 target earlier this year. Climate activists challenge HSBC to review support for fossil fuel projects amid concerns that political rhetoric may influence sustainability decisions. U.S. President Donald Trump’s stance on climate commitments also impacts multinational companies like HSBC. The bank faces criticism over clawback policies affecting pension payouts to former staff, with pleas to reverse such deductions. Shareholders have voted against resolutions on this issue, but Tucker promises to review the situation further.



Read more at Yahoo Finance: HSBC says trade turmoil poses serious risks to global growth