Business
HSBC Under Attack From China Upstart It Put on the Map
China’s Ping An Insurance Group Co. is urging HSBC Holdings Plc Chairman Mark Tucker to consider options including breaking the firm apart and listing its Asian operations separately on the stock market. In a recent private memo, the Shenzhen-based financial giant listed a number of perceived management failures at HSBC, from underwhelming returns to swelling costs. Harry Wilson reports on “Bloomberg Markets: Europe.”
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