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Ping An urges 'aggressive' cost cuts at HSBC, pushes for break-up - report

Published by Michele Maatouk on 4th November 2022

(Sharecast News) - HSBC's largest shareholder, Ping An, has reportedly urged the bank to be "much more aggressive" in reducing costs by cutting jobs and warned that its board lacks experience in Asia, as it pushes the lender to spin off its business there.

URL: http://www.digitallook.com/dl/news/story/33085678/...

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