(Bloomberg) -- Noel Quinn signed off his final quarter as boss of HSBC Holdings Plc by announcing a further return of $3 billion to shareholders, as the...
-- Noel Quinn signed off his final quarter as boss of HSBC Holdings Plc by announcing a further return of $3 billion to shareholders, as the lender reported earnings that beat expectations driven by rising income from global banking and markets.Hamas Says Israel Killed Political Leader Haniyeh in Iran
HSBC named Jonathan Bingham, its global financial controller, as interim group chief financial officer with effect from Sept. 2, according to a separate filing. The bank is undertaking a search to name a permanent candidate, it said. HSBC reported a record profit last year, driven by surging interest rates as monetary authorities around the globe resorted to one of the most aggressive tightening cycles to tame inflation. However, expectations are that this boost will begin to unwind soon.
On his appointment earlier this month, Elhedery pledged to deliver “exceptional value” to clients and investors and a “sustainable growth trajectory.”Diamond Hill Capital, an investment management company, released its “Select Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. In Q2, markets saw a modest boost, delivering positive returns across the majority of regions and nations.
Bloomberg Noel Quinn Global Banking Chief Financial Officer Georges Elhedery
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