HSBC announces CEO Quinn's retirement, first-quarter profit drops 1.8% [Reuters]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
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Source: Reuters
overhauled in the past five years through a sweeping series of asset sales across the globe. The bank said has already launched a formal process to find a successor. Chief Financial Officer Georges Elhedery, appointed to the No. 2 role last January after a sabbatical before which he headed the bank's markets business, is likely the leading internal candidate for the job. The bank also reported pretax profit that came in at $12.7 billion for the quarter ended March versus $12.9 billion a year earlier, as it struggles to cope with rising costs from expansion in Asia and amid inflationary pressures. The results were better than the $12.6 billion average of analysts' forecasts compiled by HSBC. The London-headquartered bank also announced $3 billion worth of share buybacks on top of $2 billion in share purchases announced in February. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up Reporting by Selena Li in Kong Kong and Law
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HSBC
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HSBC
Sec Filings
- 5/17/24 - Form 6-K
- 5/16/24 - Form 6-K
- 5/15/24 - Form 6-K
- HSBC's page on the SEC website