For many investors, HSBC, Europe’s largest lender with a venerable place in Britain’s banking industry, offers little to critique: It is performing well and has focused on its most profitable and fastest-growing operations, those in Asia. But for the firm’s largest investor, the sprawling Chinese insurance giant Ping An, that isn’t enough. Over the past year, Ping An has waged a campaign to convince HSBC to spin off its Hong Kong-based operations in some way, cracking open the bank’s global empire to improve its financial performance. It’s a move that…
Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
