HSBC Boss Will Be Hard to Replace

The Week: The sudden departure of HSBC's John Flint has raised a number of difficult questions, says Morningstar columnist Rodney Hobson, who has been topping up his finance stocks

Rodney Hobson 9 August, 2019 | 9:29AM

HSBC branch

Great first half results from HSBC (HSBA). Shame the effect was spoilt by the grossly inadequate announcement of the departure of the chief executive after only 18 months.

Investors Deserve Better

So sudden is this decision that commercial bank head Noel Quinn has had to step up immediately. Shareholders (including me) deserve better than to have to find out what is going on from the following morning’s newspapers.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
HSBC Holdings PLC396.65 GBX-3.49
Legal & General Group PLC178.70 GBX4.17
Lloyds Banking Group PLC29.17 GBX3.17

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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