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HSBC Chief Executive Quinn to Retire usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
HSBC Holdings reported a 1.8% drop in first-quarter profit on Tuesday as it struggles to cope with rising costs from expansion in Asia and amid inflationary pressures. Pretax profit came. -April 30, 2024 at 12:05 am EDT - MarketScreener ....
HSBC first-quarter profit drops 1.8%, beats estimates saltwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltwire.com Daily Mail and Mail on Sunday newspapers.
HONG KONG (Reuters) -HSBC said on Tuesday its Chief Executive Noel Quinn will retire - a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. Quinn, 62, has restored momentum to the bank's profit and share price by getting rid of or slashing in size underperforming businesses, including the lender's retail banking businesses in the U.S. and France, its entire Canadian subsidiary and units in smaller markets such as Argentina. HSBC's shares, which have gained roughly 30% during his tenure, rose about 1.3% and touched a nine-month high in the afternoon session in Hong Kong. ....