Amberlee Davidson
on March 31, 2022
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HSBC censors out "war" in Ukraine from analyst reports
HSBC has reportedly cut all use of the word "war" in reference to Ukraine from its research reports in favour of "conflict," according to the Financial Times - resisting pressure to follow other major lenders in cutting operations in Russia. 
One anonymous source told the FT that the bank is concerned at its 200 employees in Russia suffering punishment from new laws about spreading misinformation - but privately CEO Noel Quinn has used the word war in internal communications with top managers. 
Goldman Sachs, Citibank and JPMorgan Chase have begun pulling business interests out of Russia. 
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