--HSBC Holdings is considering a multibillion-pound exit from its Canada operations as the lender faces pressure from shareholder Ping An, Sky News reports.

--The Chinese insurance group has an around 8% stake in HSBC, whose Canadian subsidiary could be worth around $7 billion, according to Sky News.

--HSBC has already begun pulling out the U.S. as Ping An seeks to split the bank's Hong Kong business from its global operations, Sky News reports.

 

Full story: https://bit.ly/3C69jXf

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

October 04, 2022 06:13 ET (10:13 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
HSBC (NYSE:HSBC)
Historical Stock Chart
From Oct 2022 to Nov 2022 Click Here for more HSBC Charts.
HSBC (NYSE:HSBC)
Historical Stock Chart
From Nov 2021 to Nov 2022 Click Here for more HSBC Charts.