HSBC’s chief executive Noel Quinn told investors and analysts yesterday (15 May) that all aspects of the lender’s operations in Asia “are now motoring”, according to reports.
This confirmed the company is doubling down on its plans to focus the business on Asia, just over a week after shareholders voted to not split the bank in two. According to reports from The Times, Quinn was responding to a group of rebel shareholders who had attempted to push through a plan to breakup the bank into two operations at the firm's annual general meeting earlier this month (5 May). Stock Spotlight: HSBC remains on track for continued growth One of the main members of this cohort was the bank's largest shareholder, Chinese insurer Ping An, which has been trying to force ...
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