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HSBC Holdings plc (HSBC)
After hours:
- The Telegraph
HSBC suspends banker over 'nut job' climate remarks
HSBC has reportedly suspended a senior executive ahead of an internal investigation into a presentation he made that accused central bankers of overstating the financial risks of climate change.
- The Guardian
HSBC suspends head of responsible investing who called climate warnings ‘shrill’
Bank investigating Stuart Kirk’s conference speech deriding flooding risks and climate warnings from UN and Bank of England
- Reuters
HSBC suspends banker after climate risk comments-FT
HSBC senior banker Stuart Kirk made the comments at a conference hosted by the FT on Thursday, drawing criticism from climate activists. According to the FT, the title of the presentation - "Why investors need not worry about climate risk" - had been set two months earlier and had been posted ahead of the event on the conference's website. HSBC CEO Noel Quinn said in a LinkedIn post on Saturday that his bank will not be distracted from its ambition to lead the global economy in the transition to net zero.
