News Snapshot:
Article content Hong Kong/SINGAPORE — HSBC’s bosses will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe’s largest lender, seeking to convince them their strategy to operate as a global bank is vital to boosting growth. The London-headquartered group is under pressure from its largest shareholder, Ping An Insurance Group Co of China Ltd , to explore options including spinning off its mainstay Asia business to increase shareholder returns. The informal meeting, which will discuss earnings and strategy, comes a day after HSBC rejected the break-up call, reported forecast-beating profit and promised chunkier dividends, sending its...
