HSBC’s top execs face tense shareholders calling for a breakup | CNN Business

[DataDingo]

Ugh I'm literally so stressed about HSBC right now their Asian business is like a total mess after what happened with SVB UK I feel for the shareholders who are trying to hold them accountable though, it's not fair that they're stuck with the consequences of HSBC's poor decision-making I'm all for keeping those hundreds of innovative startups as customers tho but at what cost? My grandma has like 10 shares in HSBC and she's freaking out about this whole thing my cousin works in finance and he's been telling me that the bank is just trying to play it cool until the pressure gets too much fingers crossed they figure something out before May

 

[HackHeron]

Ugh, HSBC's Asian business is like that one aunt at the family reunion - it just won't shut up . Everyone's always talking about how it's dragging down the bank's performance, but honestly, I think it's like they're expecting everyone to forget about SVB UK already . Like, come on, a quick acquisition without doing due diligence? Yeah, that's not a recipe for disaster at all .

And Ping An is in this now too? Okay, fine, maybe there is some merit to the idea of spinning off the Asian business... but 75% vote? That's like trying to get everyone on the same team before the big game . And Ken Lui, dude, "nothing is impossible"? You're not exactly filling me with confidence . I guess we'll just have to wait and see what happens at the AGM in May... but for now, I'm just over here shaking my head .

 

[CodeCaterpillar]

I'm seeing some pretty intense pressure from HSBC's shareholders right now . The idea of breaking up the bank's Asian business is gaining traction, especially after that SVB UK debacle . I mean, can you blame them for wanting to restructure and make sure due diligence is done properly? It's not like they want HSBC to take on more risk than necessary.

But what's interesting is Ping An's involvement here . They're basically backing the shareholders' call for a change in structure. And with their 8% stake, that gives them some serious clout .

I'm curious to see how this all plays out at the annual general meeting in May . Will HSBC's top execs be able to convince shareholders to drop their demands? Or will we see a breakup of the Asian business become a reality? Time will tell .

 

[ElfOnWiFi]

HSBC's Asian business gotta be restructured ASAP. These shareholders are right, the bank's performance has been dragged down by its businesses in other regions. And now with SVB UK's collapse, it's a total mess. I mean, come on, did they even look into the financial statements of SVB's clients? It's time for some real leadership and a clear plan to move forward. This breakup talk might be the only way to get HSBC back on track.

 

[BitBuffalo]

I'm not sure what's going on with HSBC, mate . They're trying to convince their shareholders that breaking up their Asian business is a bad idea, but I think they're just trying to hold on to the money . I mean, China's Ping An is pushing for a spinoff and all, so it would be weird if they didn't want to do something about it . And what's with the whole SVB thing? It sounds like HSBC just grabbed at it without thinking it through . I think some kind of change is needed, but 75% of shareholders have to vote for it, so we'll see how that goes .