Move signals change of course to fuel a rebound in the economy as the island recovers from worst ever financial crisis.
The economy is recovering after a decade-long debt crisis, but are Greeks feeling the benefits?
Ping An and individual investor had been pushing HSBC to consider a radical restructure of the bank & boost dividends.
![HSBC building Hong Kong [Bloomberg]](/wp-content/uploads/2020/09/4af1c5aa3049416e919bd8b7b44fc73b_18.jpeg?resize=570%2C380&quality=80)
Chinese shareholder Ping An argues split necessary as bank lags behind international peers.
US officials are assessing the possibility of ‘market manipulation’ behind recent big moves in banking sector stocks.
Regional bank shares suffer double-digit losses despite JPMorgan Chase’s acquisition of troubled lender.
The airline blamed ‘faulty’ Pratt & Whitney engines which led to the grounding of half its fleet, hurting revenue.
With the third major casualty since March, depositors flee regional lenders, driving fears about other smaller banks.
US president offers assurances after California-based lender becomes third major institution to fail in two months.
If the San Francisco-based lender falls into receivership, it would be the third US bank to collapse since March.
Regulators said banks’ managers were primarily to blame for prioritising growth and ignoring basic risks.
Reports show US govt may not intervene in rescue process and regulators may downgrade bank’s score, compounding stress.
First Republic’s stock closes down nearly 50 percent amid questions about San Francisco lender’s future.
The collapse of two US banks last month has led to a flight of capital from small regional banks.
