HSBC Denies ‘Framing’ Huawei, Didn’t Prompt U.S. Legal Probe

(Bloomberg) — HSBC Holdings Plc, responding to media reports over its dealings with Huawei Technologies Co., denied that it “framed” the Chinese telecom giant, and said it didn’t spark a U.S. probe of the company.In its first public comments about Huawei’s legal battle in North America, the U.K. bank said it has no “hostility” toward Huawei and didn’t “ensnare” the company. The bank said it only provided information to the U.S. Department of Justice when it was compelled to do so.“In response to the U.S. DOJ’s requests for information, HSBC simply presented the objective facts,” the bank said in a …read more

Source:: Yahoo Finance

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