Wealth and Asset Management
HSBC investor Ping An publicly calls for break-up and ‘aggressive’ cost cuts
For the first time, HSBC’s largest shareholder Ping An has publicly called on the bank to spin off its Asian business and urged the global lender to be “much more aggressive” in reducing costs by cutting jobs. Michael Huang, chair of Ping An Asset Management, told the Financial Times: “We…
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Click here to read the full story: Financial Times