HSBC plans to warn its largest shareholder that its demand to split up the bank would be costly, take years to complete and alarm some of its largest clients.
The 157-year-old bank has hired Goldman Sachs and Robey Warshaw to come up with a detailed defence strategy, as it resists Chinese insurer Ping An’s call to divide its Asian and western operations, said people familiar with HSBC executives’ thinking.
Ping An, which owns around 9.2 per cent of HSBC, started a public campaign last month, arguing that the bank may no longer be able to safely navigate worsening US-UK-China geopolitical relations.
您已阅读10%（603字），剩余90%（5445字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。