HSBC’s top shareholder calls for banking giant’s break-up
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© Reuters. FILE PHOTO : This is a view of HSBC’s central London branch on the 3rd August 2009. REUTERS/Stefan Wermuth(Reuters] – HSBC Holdings NYSE (NYSE:)’s largest shareholder is Ping An of China, according to Friday’s Financial Times.
According to the report, Ping An had laid out its plans for a HSBC board breakup, citing sources familiar with the matter.
Two sources report that the insurer holds 9.2% stake in HSBC. According to data by Refinitiv, the insurer owned 8.23% in the banking company as of Feb. 11.
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