The Worst Isn't Over for UK Banks

The Week: Morningstar columnist Rodney Hobson says banks are braced for a wave of bad debts, posing their biggest challenge since the financial crisis

Rodney Hobson 31 July, 2020 | 9:05AM

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Banking HSBC (HSBA) can’t win. Caught up in the turbulent politics of Hong Kong, HSBC has tried to placate the authorities in Beijing but now faces accusations that it is involved in an American plot against Huawei.

It may find itself having to choose between the first and second largest economies in the world. Presumably it will opt to continue trying to appease China, given that its main operations lie in Asia, but either way it will come at a cost.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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