HSBC should aggressively cut costs, shareholder Ping An Insurance says

Nov. 04, 2022 7:54 AM ETHSBC Holdings plc (HSBC), PIAIF, PNGAYBy: Liz Kiesche, SA News Editor1 Comment

HSBC Bank - Hong Kong

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Ping An Insurance (OTCPK:PNGAY) (OTCPK:PIAIF) has urged HSBC (NYSE:HSBC) to be more aggressive "in radically reducing its costs to close the huge cost-income ratio gap" between HSBC and its peers, the Chinese insurer

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