Shares of HSBC Holdings Plc were under pressure on Wednesday, reflecting mounting shareholder concerns regarding the bank’s leadership and its strategic direction. During a tense annual general meeting, executives faced a barrage of questions from investors demanding a formal breakup of the company into separate entities for its retail banking and commercial banking operations. This push for separation comes amidst internal divisions at HSBC, with some investors questioning the effectiveness of recent cost-cutting measures and the bank’s long-term strategy. The pressure on top executives to address shareholder concerns intensified after HSBC reported a significant decline in profits during the last fiscal year. Some investors expressed skepticism about HSBC’s ability to navigate a challenging global economic environment and maintain profitability. The company’s board of directors is expected to deliberate over investor proposals for restructuring, with a decision potentially being made at a later meeting.
HSBC Shareholders Push for De-merger Amidst Internal Tensions
