Tag: HSBC Holdings PLC.

HSBC’s Chief Steps Down, in a Surprise

LONDON — HSBC’s chief executive, John Flint, is stepping down after 18 months in the role, a surprise announcement that the bank said Monday was “by mutual agreement with the board.” Noel Quinn, the bank’s chief executive for commercial banking, will fill the top job in an interim basis while the bank begins a global […]

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HSBC Chief Steps Down After Less Than 2 Years

HSBC announced the surprise departure of its chief executive officer, John Flint, on Sunday night, saying the bank needed a change at the top to address “a challenging global environment.” The move comes nearly a year and a half after Mr. Flint, 51, took the helm of the Britain-based global banking giant. His departure was […]

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Mob Attack at Hong Kong Train Station Heightens Seething Tensions in City

HONG KONG — A brazen overnight attack by a mob of men with sticks and metal bars who were apparently targeting antigovernment protesters raised tensions in Hong Kong to new levels on Monday after weeks of demonstrations, prompting fears of violence spiraling beyond the authorities’ control. Dozens of people, including journalists and a pro-democracy lawmaker, […]

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Foreign-Owned Banks’ Results Could Sweeten Further Under Tax Law

WASHINGTON — President Trump’s tax cuts have been very good to big banks. For foreign-owned banks, they could get even better. The cuts allowed America’s largest banks to save an estimated $16 billion collectively in taxes last year, a windfall that helped those firms reward shareholders through stock buybacks and dividend payments. The savings flowed […]

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