HSBC CEO To Step Down After Almost Five Years at the Helm of the Banking Giant
HSBCHSBC HOLDINGS(HSBC) Investopedia·2024-05-01 03:15

HSBC Holdings’ (HSBC) shares rose Tuesday after the London-based bank surprised the market and said its group chief executive (CEO), Noel Quinn, was stepping down after nearly five years at the helm. The bank said Quinn, a 37-year-veteran at the lender, will stay on as it looks for a successor. First-Quarter Pretax Profit Declined HSBC, which makes most of its profit from Hong Kong and has pivoted more of its business to Asia under Quinn, also announced Tuesday that pretax profit fell to $12.7 billion in th ...