HSBC Mulls Canada Exit Amid Investor Activism, Sky News Reports
04 Oktober 2022 - 12:28PM
Dow Jones News
--HSBC Holdings is considering a multibillion-pound exit from
its Canada operations as the lender faces pressure from shareholder
Ping An, Sky News reports.
--The Chinese insurance group has an around 8% stake in HSBC,
whose Canadian subsidiary could be worth around $7 billion,
according to Sky News.
--HSBC has already begun pulling out the U.S. as Ping An seeks
to split the bank's Hong Kong business from its global operations,
Sky News reports.
Full story: https://bit.ly/3C69jXf
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
October 04, 2022 06:13 ET (10:13 GMT)
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