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HSBC CEO exits at a peak, successor to confront challenging period

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July 31, 2024
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HSBC Holdings, Europe’s biggest bank, reported a pre-tax profit of $21.6 billion for the first half of the year, down by 0.4% from last year but still surpassing expectations. Outgoing CEO Noel Quinn, who steps down in September after five years in the job, announced the results today, which were well-received by investors. One of the major highlights of the results was the announcement of a $3…

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