News Analysis
Cancel culture is growing more prevalent in the financial industry, with a prominent HSBC executive being its latest victim.
Stuart Kirk, a top executive at HSBC Holdings announced on July 7 that he had resigned from his position after facing backlash from climate groups. Kirk, who was the global head of responsible investments at the bank’s asset management business, had been suspended after criticizing central banks and regulators for overstating the financial risks of climate change.
At a Financial Times conference in May, the British banker said central bankers are inflating the financial risks of climate crisis in an effort to “out-hyperbole the next guy.”…