The chief executives of HSBC, Standard Chartered, Credit Suisse, and the London STOCK MARKET, as well as the Chairman of BNP Paribas withdrew on Tuesday from the near future Investment Initiative. The withdrawals follow earlier exits by top U.S. JPMorgan CEO Jamie Dimon and come amid mounting international pressure on Saudi Arabia over the disappearance of journalist Jamal Khashoggi.
While the majority of the bankers withdrew without linking their activities to the controversy over Kashoggi’s destiny, sources at some banking institutions privately clarified they were concerned about potential reputational fallout from being linked with the event. The City of London Corporation, which governs the capital’s financial area, said its Plan and Resources Chairman Catherine McGuinness would longer attend no.
Executives from the mass media and technology sectors got already withdrawn from the event after Khashoggi’s disappearance. Turkey is convinced he was murdered and his body removed. Saudi Arabia has so far denied that, but American information retailers have reported the country is now preparing to acknowledge Khashoggi’s death in a botched interrogation. U.S. Secretary of State Mike Pompeo arrived in Riyadh on Tuesday to go over the case, which has strained U.S.
Riyadh, carefully cultivated by President Donald Trump. Trump has speculated “rogue killers” might be responsible. Organizers of the Saudi meeting on Monday said it could still go ahead. They had earlier deleted the set of speakers from the function website as the number of executives withdrawing from the conference grew.
The latest withdrawals will leave only a handful of top bankers still slated to speak at the function. Citigroup, Goldman Sachs, and Societe Generale are among the rest of the banks which dropped to touch upon Tuesday whether their older executives had transformed their plans. When asked whether United kingdom trade minister Liam Fox prepared to attend the function still, a government spokesman said his journal would be verified later in the week.
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