HSBC CEO quits after 18 mnths in role; shares fall

HSBC announced the shock departure of chief executive officer John Flint after just 18 months in the role, saying the bank needed a change at the top to address "a challenging global environment". The Hong Kong-listed shares of HSBC fell as much as 1.9% to Hong Kong $61 on Monday, the lowest since October 29, 2018, while the broader market was down 2.9%.

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