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Ping An boss unhappy with bank’s performance

Life is getting harder and harder for Europe's largest lender as it tries desperately to continue bridging two worlds -- the West and China -- that increasingly appear to be on collision course

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 it, by revealing more detail about how much of its Asian revenue comes from Western clients. Many of...

For years, HSBC Holdings Plc and Ping An Insurance Group Co enjoyed a cosy relationship, from the turns they took financially backing each other to the easy rapport between their influential chairmen.

The family of a much-loved and well-respected couple, Frank and Jean Pond, who died within six months of each other has paid tribute to them.