HSBC's Liao: Customers in Risk‑Off Mode as Tensions Rise

HSBC Asia and Middle East Co‑CEO David Liao says the bank’s broader customer base has shifted into "risk‑off mode" amid the Iran conflict. However, he notes that the balance sheets remain fairly stable across both wholesale and retail businesses. Liao spoke to Bloomberg on the sidelines of the HSBC Global Investment Summit in Hong Kong. (Source: Bloomberg)