t HSBC’s annual shareholder meeting, Chairman Mark Tucker addressed the growing economic uncertainty prompted by shifting global trade relations, which pose significant risks to global growth. Tucker, who is stepping down at the end of the year, expressed confidence in HSBC’s ability to meet its 2025 targets and maintain strong returns, despite threats like a potential global recession and weak business confidence. HSBC, with its heavy exposure to Asia and global trade, is particularly vulnerable to U.S. tariffs affecting Asian trade flows. Climate concerns resurfaced, with activists criticizing the bank’s retreat from a 2030 net-zero goal and alleged ongoing support for fossil fuel projects. Tucker confirmed an ongoing review of interim emissions targets. Additionally, pensioners from Midland Bank, acquired by HSBC in 1992, called again for the reversal of controversial pension clawback policies. Tucker acknowledged their concerns but made no promises for reform. All AGM resolutions were passed per board recommendations.