HSBC - What's Going On With Banking Giant HSBC Today? | Benzinga
HSBC Holdings plc (NYSE:HSBC) shares are rising higher after the company’s first-quarter results and the surprise retirement of its Chief Executive Noel Quinn, who has led the company for about five years, overseeing significant asset sales worldwide.
The bank has initiated a formal process to find Quinn’s successor, considering both internal and external candidates. Chief Financial Officer Georges Elhedery, who assumed the No. 2 position last January, emerges as a top internal contender, according to a report from Reuters.
Under Quinn’s leadership, HSBC successfully simplified and focused the bank, most recently with the sale of the Canada and Argentina operations, per the company’s ...