HSBC investors reject plan to split bank in meeting disrupted by climate protest
by Jasper Jolly from on (#6BFPD)
Majority of shareholders reject proposal to spin off Asian operations, after hour of disruption from campaigners
HSBC has defeated an attempt to split up the bank after a majority of investors rejected a plan backed by its largest shareholder at the bank's annual general meeting, which was heavily disrupted by climate protests.
The bank's chair, Mark Tucker, announced that a majority of shareholders had backed him and the board in rejecting the proposal to spin off HSBC's Asian operations, he said at the meeting in Birmingham on Friday.
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