Breaking Up HSBC Wouldn’t Solve Its Political Woes

HSBC is involved in a major restructuring effort to tilt its business further toward Asia, which accounted for 65% of pretax profits in 2021.—and a share price that remains mired below prepandemic levels, in contrast to some sizable Asian rivals like Singapore’s DBS, might be one factor spurring demands for more radical action from Ping An, which owns about 8% of the company.

An arrangement less firmly in the no-man’s-land between West and East—or with different, separate positions on opposite sides of the trenches—thus has a certain logic. But if the goal is to insulate a Hong Kong based Asian HSBC from Western political risk, a split would be a partial solution at best and would do little to protect the new company from the thorniest issues involving current and possible future U.S. sanctions.

Hmmm...perhaps you all need a history lesson.

Roger Williams was a student of Sir Edward Cook: Rogerwilliams dot org / biography / Roger Williams * University

Roger Williams (University) / Separation of Church & State: U.S. Library of Congress, Founders dot Archives dot Gov, Smithsonian, U.S. Bill of Rights Institute, U.S. First Amendment Center.

My direct ancestor Rev. Edward Wightman, Last Protestant Martyr from The First Protestant Martyr of many, John Rogers (encyclopedias). Edward's son, John, lived in England during King Charles I's reign, and came to America in 1654 who was on Roger William's Petit Jury.

My direct ancestor was one of the reasons for Sir Edward Cook's Parliament Bill of Rights 1628 and Roger Williams' Separation of Church & State 1631 that transcended down into our U.S. First Amendment 1802-3 in Danbury, CT with Thomas Jefferson.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HSBC investors give Ping An break-up plan cool responseHSBC investors gave a break-up proposal by its biggest shareholder a lukewarm response on Tuesday, voicing concerns a split would prove complex with no guarantee of raising returns.
Source: Reuters - 🏆 2. / 97 Read more »

HSBC investors give Ping An break-up plan cool responseHSBC investors gave a break-up proposal by its biggest shareholder a lukewarm response on Tuesday, voicing concerns a split would prove complex with no guarantee of raising returns.
Source: Reuters - 🏆 2. / 97 Read more »

ATF ups reward to $5K for tips on 3 explosions in VistaAuthorities said three homemade devices exploded Wednesday in open areas and parking lots within about three hours and about 1.25 miles of each other
Source: sdut - 🏆 5. / 95 Read more »

Piedmont Mayor installs backyard home, touts ADUs to help solve housing woesAccessory dwelling units, or ADUs, have been pitched as one potential solution to the state's housing crisis. The mayor of Piedmont, who supports the construction of the small backyard homes, is living by her own message.
Source: KPIXtv - 🏆 443. / 53 Read more »

Ohio Democratic primary turnout down from 2018, while GOP turnout is up'Turnout numbers look pretty bleak if you're a Democrat': Steve Kornacki breaks down primary turnout in the 2022 midterm elections so far. TrackingKornacki Usual pro dem comment. Were the Ohio primaries competitive though? Let’s talk after Pennsylvania.
Source: MSNBC - 🏆 469. / 51 Read more »