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HSBC Apology Shows Financial Fears Are Mounting in Hong Kong

  • Bank moves to reassure customers after confusion on services
  • Fears heightened in city rocked by asset freezes, arrests
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HSBC Holdings Plc apologized to customers in Hong Kong after an update to its online and mobile banking terms stoked fears over overseas access to its services in the financial hub.

The quick mea culpa by Hong Kong’s biggest bank -- triggered by a Twitter post -- underscores growing concerns in the city over not only civil society but also pressures on businesses as China tightens its grip.