Pedestrians wearing face masks following the outbreak of the coronavirus disease (COVID-19), walk past an HSBC bank branch in Hong Kong, China February 22, 2022. Reuters/Lam Yik
LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC said on Monday that a divestment or spin-off of its Asia business risks huge one-off enforcement costs, higher taxes and ongoing running costs for the bank, in its most detailed rebuttal yet. regarding calls from his. biggest shareholder broke up the bank.
Sources said in April that Ping An Insurance Group Co of China Ltd ( 601318.SS ) had urged HSBC to explore strategic options, such as setting up an Asian business to unlock more shareholder value. Read more
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Reporting by Lawrence White and Anshuman Daga; Editing by Muralikumar Anantharaman On the same subject : How to start a business: Do these 5 things first.
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