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East-West split is surefire way to destroy HSBC value

East-West relations are a growing problem for HSBC Holdings, the bank with feet planted equally in each hemisphere. US-China tensions have steadily ramped up, but while geopolitical discord threatens HSBC’s business, splitting the bank into a version of HSBC East and HSBC West — as its largest shareholder, Shenzhen, China-based Ping An Insurance (Group), has proposed — is no solution. It would only add costs or destroy revenue. HSBC had answered the break-up question before Ping An raised ...
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