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

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

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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
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