The global economic landscape is facing heightened uncertainty as shifting trade relations pose potential risks to growth, according to HSBC Chairman Mark Tucker. Speaking at the bank’s annual shareholder meeting, Tucker highlighted the challenges these uncertainties present for international banks in forecasting medium-term economic conditions. More details can be found in the original report here.

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Despite these challenges, Tucker expressed confidence in HSBC’s ability to meet its targets and deliver robust returns by 2025. The bank is also committed to its goal of becoming a net zero bank by 2050, with ongoing reviews of interim financed emissions targets and related policies. According to data from the IndexBox platform, the global banking sector is expected to navigate these uncertainties with a focus on sustainable growth and adaptation to evolving trade dynamics.

Source: IndexBox Market Intelligence Platform