Shares of HSBC fall more than 1% after news that CEO John Flint will be stepping down

Shares of HSBC fall more than 1% after news that CEO John Flint will be stepping down

US News Rank

John Flint, chief executive officer of HSBC Holdings, at the World Economic Forum (WEF) in Davos, Switzerland on Jan. 24, 2019.
Jason Alden | Bloomberg | Getty Images

Shares of HSBC, Europe’s largest bank by assets, fell more than 1% in Hong Kong on Monday, after the surprise announcement of Chief Executive Officer John Flint’s departure.
The bank’s chairman, Mark Tucker, said in a statement: “In…

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