--HSBC Holdings is considering a multibillion-pound exit from its Canada operations as the lender faces pressure from shareholder Ping An, Sky News reports.

--The Chinese insurance group has an around 8% stake in HSBC, whose Canadian subsidiary could be worth around $7 billion, according to Sky News.

--HSBC has already begun pulling out the U.S. as Ping An seeks to split the bank's Hong Kong business from its global operations, Sky News reports.

Full story: https://bit.ly/3C69jXf

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

October 04, 2022 06:13 ET (10:13 GMT)

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