Apr 30th, 2024
HSBC Says CEO Quinn to Step Down, Announces $3 Billion Buyback
HSBC Holdings Plc says CEO Noel Quinn is stepping down after nearly 5 years in the job, triggering a search for a replacement at Europe’s largest bank. The lender also posted a 1.8% drop in pretax profit to $12.65 billion and announced a new $3 billion buyback. Francis Chan of Bloomberg Intelligence has the details.
