HSBC and Standard Chartered postpone Middle East expansion and suspend new loans

格隆汇 March 13｜According to Bloomberg, several banks including HSBC Holdings and Standard Chartered have recently informed Middle Eastern clients that they will suspend issuing new loans in the region. Banks from Greater China, Japan, and Singapore are also reviewing their local operations and risk exposure, with several planning to allocate resources to other relatively low-risk markets such as Korea and Australia.