HSBC to Sell $9.4B Ping An Stake

HSBC Holdings Plc agreed to sell its stake in China’s Ping An Insurance (Group) Co. to Thai billionaire Dhanin Chearavanont for $9.4 billion as Europe’s biggest bank by market value moves to revive profit and boost capital.
Investors Withdrew $2.7 Billion From Pimco in May
59:57 - Bloomberg’s Julie Hyman reports on breaking news on Pimco client redemptions. She speaks on “Bloomberg Markets.” (Source: Bloomberg)
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