Post by kate on Aug 1, 2023 7:03:21 GMT
Just been browsing news snippets.
I find certain things amusing. One being news on HSBCs enormous profit statement.
The bit that amuses me is calling the bank British - and the news that Asian investors are pressurising the bank to concentrate on Asian countries more and European ones to lose out.
Here's a copy of part of Reuter's news item. Seen 1 Aug23
HSBC
LONDON, May 24 (Reuters) - HSBC (HSBA.L) is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role.
These reviews, which could see the British bank deciding to sell or streamline businesses in 12 countries, follow pressure from Chinese shareholder Ping An Insurance (601318.SS), which wants HSBC to prioritise growth in its money-spinning Asian business which generates 78% of group profit.
end extract quote
I know, I'm weird, finding things like this interesting and amusing, but my brain works in weird and wonderful ways...
I find certain things amusing. One being news on HSBCs enormous profit statement.
The bit that amuses me is calling the bank British - and the news that Asian investors are pressurising the bank to concentrate on Asian countries more and European ones to lose out.
Here's a copy of part of Reuter's news item. Seen 1 Aug23
HSBC
LONDON, May 24 (Reuters) - HSBC (HSBA.L) is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role.
These reviews, which could see the British bank deciding to sell or streamline businesses in 12 countries, follow pressure from Chinese shareholder Ping An Insurance (601318.SS), which wants HSBC to prioritise growth in its money-spinning Asian business which generates 78% of group profit.
end extract quote
I know, I'm weird, finding things like this interesting and amusing, but my brain works in weird and wonderful ways...
