HSBC gags some analysts on politics as banks clam up


  • World
  • Tuesday, 28 Feb 2017

FILE PHOTO - The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo

LONDON (Reuters) - Major banks are clamping down on market analysts talking publicly about politics for fear of appearing to take sides, with HSBC taking its main global currencies commentator off air in an intensification of the crackdown.

Currency strategists at HSBC's global research division would not be making unsupervised public appearances due to concerns about commenting on political events which have been seen to drive prices, a source at Europe's biggest bank said.

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