HSBC CEO Noel Quinn announces retirement.

HSBC CEO Noel Quinn announced his retirement; Q1 earnings beat expectations, with pre-tax profits falling 2% to $12.7Bn, but revenue increasing by $0.5Bn to $17Bn. HSBC reported a $5Bn drop in customer lending balances, offset by currency movements at the international bank. The bank's wealth and personal banking division in the UK saw growth in mortgage balances.

April 30, 2024
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