Anheuser-Busch InBev was downgraded on Wednesday by an HSBC analyst who said the firm is now dealing with a "Bud Light crisis" after the company produced a can with the face of a transgender influencer last month, sparking widespread backlash.

U.S. authorities accused Meng of lying to HSBC about Huawei’s control of a subsidiary, putting the bank at risk of violating American sanctions against Iran.

He singled out the report in which billionaire investor Mark Mobius recently said that the Chinese regime has taken “very significant” action to prevent him from withdrawing capital from Chinese equities since his HSBC account is in Shanghai.

Last year the bank, which had also been the world's most systemic lender in 2019, shared the highest bucket with HSBC and Citigroup, but is now alone in the next bucket up, which had been empty.

HSBC predicts China’s growth will be at 5 percent or below. Bank of America is expecting China to be an outlier, with slower growth than other countries. Credit Suisse’s forecast is for an economic slowdown in China.

Evgeny Lebedev attends the launch of the Centrepoint Awards at the HSBC private bank in London, on Nov. 19, 2015.

Tencent (00700) fell 1.7 percent, Alibaba (09988) fell 4.5 percent, Meituan (03690) fell 2.3 percent, Jingdong (09618) fell 4.2 percent, Hong Kong Stock Exchange (00388) fell 2.7 percent, HSBC Holdings (00005) fell 2.6 percent; the best and worst performing

“This is putting further upward pressure on gas prices in the region and exacerbates the worrying growth-inflation mix that has been deteriorating rapidly since the start of this year,” Dominic Bunning, head of European FX research at HSBC said in a report

Cartier-owner Richemont advanced 0.4 percent after HSBC raised the brand to "buy" from "hold", citing its leadership and momentum in the jewellery industry. By Anisha Sircar

Meng, the daughter of the company’s founder, was held in Canada after being arrested at Vancouver International Airport in 2018 on a U.S. warrant charging her with bank fraud for allegedly misleading HSBC Holdings about Huawei’s business dealings in Iran

Despite growing optimism, HSBC economists do not believe India will topple China as the global economy's primary growth engine.

Scotland Yard said criminals pretended to be employees of Barclays, Santander, HSBC, Lloyds, Halifax, First Direct, Natwest, Nationwide, and TSB and rang up unsuspecting people.

HSBC is a British multinational that was first founded in Hong Kong.

HSBC strategists said markets were increasingly concerned about the impact of the Fed's intentions on economic growth, from the tapering and shrinking of the central bank's balance sheet to likely higher interest rates.

HSBC declined to comment. Authorities are also prosecuting three companies related to Apple Daily for alleged collusion with a foreign country and have frozen HK$18 million ($2.3 million) of their assets.

HSBC and Bank of China did not immediately respond to requests for comment.

HSBC expanded by more than 10 percent over the month, while Deutsche Bank increased in value by over 10 percent from Dec. 31.

Their visits come in the immediate wake of top executives of Apple, megabank HSBC, fashion giant Kering, communications powerhouse Samsung, and Volkswagen also paying in-person homage to the rulers of the world’s second-largest economy.

DeFelice/Getty Images) The LPGA Tour heads to the Sentosa Golf Club, Singapore for the HSBC Women's World Championship on March 2–5.

Those with accounts at Barclays, HSBC, NatWest, Co-operative Bank, and Virgin Money are among those affected, as per The Times.

The smart money is already aware: BlackRock, HSBC, and UBS have cut exposure to China property, and the availability of credit to China’s developers has evaporated.

Accounting firms like Grant Thornton, management consultants like McKinsey, and banks like HSBC are all offering ESG advisory services.

Professional investor Mark Mobius reported that he couldn't withdraw money from an HSBC account in Shanghai. The general economy is expected to fare much better this year with a 5 percent GDP growth target.

Among the seven Wall Street and European investment banks operating in China, Credit Suisse, Deutsche Bank, Goldman Sachs, and HSBC reported losses in their Chinese subsidiaries in 2022, while Morgan Stanley saw a decline in profits.

Anderlini found that the company is a frequent recipient of international investment—including from institutions such as Morgan Stanley, Deutsche Bank, Merrill Lynch, and HSBC.

A few days after his announcement, his bank accounts and those of at least one relative, with millions of Hong Kong dollars in HSBC, Hang Seng, and Bank of China Hong Kong were frozen. Subsequently, his credit cards were also deactivated.

Mark Mobius, the founder of Mobius Capital Partners, says the Chinese regime has taken "very significant" action to prevent him from withdrawing capital from Chinese equities since his HSBC account is situated in Shanghai.

According to financial services firm Morningstar, BlackRock and HSBC became the largest buyers of Evergrande debt.

British banks HSBC, Lloyds Banking Group, Barclays, and Natwest Group all rose about 1 percent after hawkish comments from Bank of England officials drove traders to ramp up bets of a November interest rate increase.

Two of the 23 firms expect the recession to come later—in 2024—while five believe that the United States will manage to avoid a downturn altogether: Credit Suisse, Goldman Sachs, HSBC, JPMorgan Chase, and Morgan Stanley.