RPT-Too big to succeed? Investors want "radical surgery" at HSBC
(Repeats Tuesday item)
* Investors believe HSBC bosses need to announce bold moves
* No action too big to debate, including break-up, they say
* Shareholders ask if global empire is worth the expense
* They want to hear how CEO will cut investment banking arm
By Sinead Cruise and Steve Slater
LONDON, June 2 (Reuters) - No longer feared as "too big to fail", shareholders are weighing whether HSBC is now "too big to succeed", and want to know next week how the bank's bosses propose to increase profitability at a sprawling group beset by huge costs.
Investors believe CEO Stuart Gulliver and Chairman Douglas Flint need to announce bold moves to restore the London-based bank's flagging fortunes at a strategy day on June 9.
While shareholders accept not all their concerns will be answered at the meeting, they say no action can be too big to debate, including a break-up of Europe's largest lender. Continuación...