Investment Banking

HSBC faces calls to break up from major shareholder Ping An

HSBC 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.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger