John Flint steps down as HSBC Bank Head

The bank explained the decision by “an increasingly complex and challenging global environment” in which the firm has to work. Flint, whose words are quoted in the press release, noted the bank’s good interim financial performance and called this situation suitable for change.

Earlier, the bank announced an increase in pre-tax profit in the first half of the year by 15.8%, to $ 12.4 billion (£ 10.2 billion).

HSBC will be temporarily headed by Noel Quinn, who has been managing the Global Commercial Banking division since 2015 and has been with the company for 32 years.

source: bbc.com