HSBC chief denies plot to break up bank amid growing East-West tensions

“The primary reason for this re-organisation is to make us a simpler, leaner organisation with faster decision-making, stronger empowerment of our front-line people being able to better serve our customers,” he said. Rising tensions between China and the West have left HSBC walking a delicate tightrope, having to placate Chinese authorities in Hong Kong on the one hand and British and American officials on the other. Some have questioned how long this balance can hold.The bank prompted..