Cuts are being made across HSBC's business as pressure mounts from the bank's largest shareholder.
He said:"I do not believe it is politically motivated based on all the dialogue we've had with various stakeholders. Quite the contrary.
A former senior executive of the bank told the FT in May this year that Ping An"would have had air cover from Beijing" in saying what it has been. There was widespread unhappiness in Hong Kong when, in 2020, HSBC cancelled its dividend after the Bank of England urged lenders to conserve capital at the outset of the pandemic. HSBC has many shareholders based in the territory - both institutional and retail - who depend heavily on its dividends.
But it would also represent an acknowledgement from HSBC that it was finding it impossible to reconcile its interests in the West, particularly theand the UK, with those in China - and that, in turn, would have undermined the lender's entire raison d'etre of enabling Western customers to do business in Asia and Asian customers to do business in the West.
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 to close 114 bank branches - is your local on the list?HSBC has announced plans to close 114 branches. The latest round of closures comes as more people turn to online and mobile banking. The bank locations closing will be shuttered from April 2023. It…
Lire la suite »
HSBC to close 114 branches across UKHSBC has said it will close 114 branches across the as the number of customers using them has fallen significantly since the pandemic.
Lire la suite »
HSBC to close a quarter of its UK bank branches with 114 being axedThe banking giant confirmed 114 of its outlets will disappear from the high street next year.
Lire la suite »
Two Northern Ireland HSBC branches to close in 2023114 closures across the UK begin from April
Lire la suite »
HSBC to close 114 banks from April 2023 including Lancashire branchHSBC says that the decline in customers using branches has accelerated so much since the Covid pandemic
Lire la suite »
HSBC to close a quarter of UK branches\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Lire la suite »