HSBC breakup, Big Oil’s surprise restraint
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 5 May 2022
⏱️ 15 minutes
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| 0:00.0 | Hi, just leave on work now. Sorry, it's a bit loud. |
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| 0:25.1 | Rogers News. A surprise HSBC breakup request and Big Oil's stingy strategy. Welcome back to the views room. I'm your co-host, Amy Donnellan, a columnist at breaking views coming to you from Canary Wharf. HSP is often viewed as the oil tanker of global banking. Its hefty balance sheet allows it to reach customers across the globe, but growth avenues are limited. |
| 0:55.9 | Chinese insurer Ping Ann has spotted an opportunity for the $129 billion lender. It reckons |
| 1:02.1 | HSBC Chairman Mark Tucker can unlock value by splitting off the bank's Asian operations, |
| 1:08.1 | but this plan may create more problems than it solves. Meanwhile, energy prices are |
| 1:13.6 | soaring and consumers are feeling the squeeze. This may seem like a good time for big oil |
| 1:19.1 | to ramp up production to ease pressures on Joe public. However, these giants are holding back |
| 1:24.6 | and may be preparing for the day where the price of crude falls. |
| 1:28.3 | This is one way to keep their investor base sweet. |
| 1:31.8 | First up, Peter Tal Larson chats to Jennifer Hughes in Hong Kong about why breaking up HSBC |
| 1:37.2 | may be hard to do. |
| 1:38.8 | Next, I chat to Rob Searren in New York about how oil majors ExxonMobil and Chevron risk angering the cash |
| 1:45.4 | strapped public by failing to open the oil taps. |
| 1:52.4 | Shareholder activism with a twist at HSBC. |
| 1:56.1 | That's the story that broke kind of over the weekend and breaking views been looking at. |
| 2:02.0 | I'm Peter Thalerson based in London and I'm joined by Jen Hughes, our HSBC watcher from Hong Kong. |
| 2:09.8 | Hi, Jen. |
| 2:10.5 | Hi, Peter. |
| 2:11.9 | So, great to have you back. |
| 2:14.9 | We've been looking at this for a couple of days now. |
... |
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