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Business · 1 hour ago

HSBC shares fall after the bank announces finance chief Pam Kaur will retire

HSBC shares fall after the bank announces finance chief Pam Kaur will retire

Shares dropped 1.4% on Thursday, erasing roughly £3.7bn from the overall value of Britain's most valuable business. Pam Kaur made history in 2024 as the lender's first female finance head, and will stay on to advise boss Georges Elhedery. Executives are now looking inside and outside the bank for someone to take over before she leaves in 2027.

Reported by City AM · How we write briefs

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