Despite reporting a rise in first-half profits of 16%, the bank says change was needed to combat increasingly complex challenges
HSBC chief executive John Flint has stepped down after the bank said it believed a change was needed “to meet the challenges” it faces.
The bank said in a statement that Flint, 51, had resigned the role “by mutual agreement with the board”, saying the bank needed a change at the top to address “a challenging global environment.”
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