HSBC’s Flint Warns on Policy Inconsistencies on Lending, Capital

HSBC Holdings Plc (HSBA) Chairman Douglas Flint said banks face inconsistencies in U.K. government policy relating to lending and capital.

“There are clear inconsistencies in the multiple policy objectives that we’re now having to grapple with,” he said in a speech in London today.

“We want stability as well as growth. We promote growth at the same time we promote fiscal austerity. We have been told to lend more and at the same time to grow our capital both in absolute and ratio terms.”

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