Market Chatter: HSBC Shutters Qatar Branches, StanChart Mandates Work From Home in Dubai

MT Newswires Live03-12

HSBC (HKG:0005) closed all its branches in Qatar in response to the ongoing conflict in the Middle East, according to multiple media reports Wednesday.

The bank took the measure to ensure the safety of staff and consumers, Reuters reported, citing a customer notice.

Meanwhile, Standard Chartered (HKG:2888) ordered staff to evacuate its Dubai offices and work from home instead, Reuters said.

Iran previously warned that it would attack economic and banking interests linked to the U.S. and Israel in response to the recent bombing by both countries.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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