The departure of John Flint as chief executive of HSBC after just 18 months on the job indicated a less patient attitude of board directors to turning the bank around, according to S&P Global Ratings. Photo: AFP The departure of John Flint as chief executive of HSBC after just 18 months on the job indicated a less patient attitude of board directors to turning the bank around, according to S&P Global Ratings. Photo: AFP
The departure of John Flint as chief executive of HSBC after just 18 months on the job indicated a less patient attitude of board directors to turning the bank around, according to S&P Global Ratings. Photo: AFP
Business /  Companies

Ousting of HSBC CEO John Flint shows ‘increased ruthlessness’ of bank’s board, S&P says

  • Board appears to be less tolerant of financial underperformance, S&P says
  • A shift in strategy by the bank not likely, ratings agency says

Topic |   Banking & Finance
Chad Bray
Chad Bray

Updated: 10:46pm, 6 Aug, 2019

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The departure of John Flint as chief executive of HSBC after just 18 months on the job indicated a less patient attitude of board directors to turning the bank around, according to S&P Global Ratings. Photo: AFP The departure of John Flint as chief executive of HSBC after just 18 months on the job indicated a less patient attitude of board directors to turning the bank around, according to S&P Global Ratings. Photo: AFP
The departure of John Flint as chief executive of HSBC after just 18 months on the job indicated a less patient attitude of board directors to turning the bank around, according to S&P Global Ratings. Photo: AFP
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