The detention of two Canadian citizens in China and unexpected comments from President Trump have magnified the political stakes of the case involving Huawei executive Meng Wanzhou, who was released on bail earlier this week. Photo: The Canadian Press via APHuawei Technologies Co., targeted as a national security threat by the U.S. and other governments, faces a new risk: reduced access to the global financial system. Two banks that helped power the Chinese company’s rise as a global technology supplier, HSBC Holdings PLC and Standard Chartered PLC, won’t provide it with any new banking services or funding after deciding that Huawei is too high risk, people familiar with those decisions said.

Source: Wall Street Journal December 20, 2018 15:57 UTC