HSBC to Standard Chartered Drop as Moody’s Warns on Cyprus

HSBC to Standard Chartered Drop as Moody’s Warns on Cyprus

Jerome Favre/Bloomberg

The HSBC Holdings Plc logo is displayed on top of the company's headquarters in Hong Kong. HSBC’s gross on-balance sheet exposure to Cyprus was $0.3 billion as of the end of 2012, consisting primarily of loans to other financial institutions and companies, the London-based lender said in its latest annual report.