News Formal

HSBC rejects demerger of Asian business, citing huge risks

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

LONDON/SINGAPORE : HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in its most detailed rebuttal yet to calls from its largest shareholder to break up the bank.Sources said in April that Ping An Insura

LONDON/SINGAPORE : HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in its most detailed rebuttal yet to calls from its largest shareholder to break up the bank.

Sources said in April that Ping An Insurance Group Co of China Ltd had urged HSBC to explore strategic options such as spinning off its mainstay Asian business to unlock greater shareholder value.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

HSBC earnings beat expectations, increases key profitability goalSINGAPORE :HSBC reported a 15 per cent dip in first-half profit as credit loss provisions rose, but the fall was not as bad as feared and Europe's biggest bank lifted its returns guidance in the belief that rising interest rates will boost revenue.In a sign of growing confidence in its ability to improve prof
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »