An executive shuffle and a layoff of thousands of staff members are underway at HSBC Holdings plc as volatile market conditions have compelled the firm to rein in spending while searching for a way forward. Over the past week, the bank announced that John Flint, group CEO and a board director, will be stepping down… Read More >>
HSBC Hires Group Chairman as Group CEO to Retire
In a break with tradition, HSBC Holdings has hired outside of the bank for a top post, appointing Mark Tucker, the executive director, group chief executive and president of Hong Kong-based insurance provider AIA Group Ltd. (AIA), to become group chairman and a director on the bank’s board. The news from the global banking giant… Read More >>
