After its CFO Meng Wanzhou was arrested in Canada, Huawei has been confronted with more challenges, including reduced access to the global financial system.
After the British bank HSBC Holdings stopped offering financial services to the Chinese tech giant, a second UK bank, Standard Chartered, followed suit citing unacceptable risks. Citigroup, Huawei’s last major supplier of banking services, said it will review all new business with Huawei.
