Access to EU markets will not be granted to banks, insurers and other financial firms based in Britain unless their home rules are deemed by Brussels to be "equivalent."
The London-based charity Interpal described HSBC's decision as an "awful, inhumane and unlawful act”.
Islamic finance – an amalgamation of Sharia law and modern banking – has become a $2 trillion business over the past two decades, covering everything from bonds to buying cars.
The Federal Reserve took emergency action to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds.
World Bank President David Malpass said there were still "many unknowns" about the fast-spreading virus and "much more" aid might be required, but he declined to elaborate.
Italy's government approved a capital injection, up to $992 million, to rescue the ailing cooperative bank Popolare di Bari on Sunday.
Project, named Cache, will have accounts by Citigroup Inc and a credit union at Stanford University, according to a Wall Street Journal report.
Bank says chief operating officer Pierre-Olivier Bouee "assumed responsibility for this matter" and that they have accepted his immediate resignation. Its head of global security services is also leaving immediately.
The "Operation Yellowhammer" worst-case assumptions published on Wednesday were prepared on August 2, nine days after Boris Johnson became prime minister, and form the basis of its no-deal planning.
As a no-deal Brexit looms on the horizon, more than a dozen banks based in Britain have shifted $1.44 trillion in assets to the eurozone to avoid the negative effects of Brexit on their transactions.
China's ambassador to the United Kingdom said Beijing would use its power to quell Hong Kong protests if the situation deteriorates further.
The Trump administration's campaign against Iran is flying too close to the sun and the UAE sees war as an outcome they don't want, and can't afford.
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