{
Ping An Insurance Group Co.

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}
001122334455554433221100
001122334455554433221100

hsbc ceo clarifies restructuring plan is not about breaking up the bank

HSBC CEO Georges Elhedery emphasized that the bank's restructuring plan is not aimed at breaking up the institution. He clarified that the new structure, which divides the business into western and eastern units, is unrelated to geopolitical tensions or previous calls from major shareholder Ping An Insurance Group to separate its Asian operations.
bloomberg.com
HSBC Holdings plc Ping An Insurance (Group) Company of China, Ltd. GBR Ping An Insurance Group Co. Georges Elhedery
Finance & Economy, News Article
09:03 29.10.2024
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