24th Jun 2016 07:14
LONDON (Alliance News) - HSBC Holdings PLC is "well placed" to support its customers and the financial markets in the wake of the UK's vote to leave the EU, Chairman Douglas Flint said on Friday.
In an emailed statement following confirmation that the UK had voted to leave the EU, Flint said HSBC is one of the "largest, most stable, liquid and prudent" financial institutions in the world.
"We are today entering a new era for Britain and British business," Flint said. "The work to establish fresh terms of trade with our European and global partners will be complex and time consuming. We will be working tirelessly in the coming weeks and months to help our customers adjust to and prepare for the new environment."
Shares in HSBC were down 4.9% at 432.05 pence Friday morning.
By Samuel Agini; [email protected]; @samuelagini
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