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HSBC faces calls to break up from major shareholder Ping An
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fnlondon.comHSBC is being called upon by major shareholder Ping An to break itself up, the Financial Times reports, citing people familiar with the matter.
The Asia-focused lender would benefit from higher profitability, lower capital requirements and greater local management control and autonomy, according to Ping An.
HSBC chairman Mark Tucker rebuffed...
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