(Sharecast News) - HSBC is preparing to put its loss-making French retail lender on the auction block.
The move, one of the first by its interim chief executive officer, Noel Quinn, was part of a drive to focus on businesses were HSBC had sufficient scale or where there was a strategic need, the Wall Street Journal reported, citing people familiar with the matter.
Shares of HSBC finished the session 1.94% higher at 625.50p.
HSBC Holdings (HSBA)4 May 2024 23:51
Ping An votes against reappointment of HSBC CEO as director, source says
May 4 (Reuters) - China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn...
