Loan to hot-yoga studio causes recusal of UK judge in HSBC dispute

Two property developers won a bid to have a British judge recuse himself from hearing their case against HSBC Holdings, after arguing that a loan from the bank to a hot-yoga studio owned by the judge raises the “perception of possible bias”.

The judgment in the case dated January 20 also details publicly for the first time how the wider case has dragged in HSBC CEO Noel Quinn, with Maggie and Tony Ryan — the couple behind the formerly AIM-listed Mar City — claiming a “long and close personal relationship” with Quinn. ..

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