HSBC made the surprising announcement late Sunday that John Flint would be stepping down as CEO after just 18 months in the role.
Following the departure, HSBC confirmed its plan to cut up to 2% of the bank's workforce of almost 238,000.
The London-based bank is just the latest to slash thousands of jobs as the industry faces headwinds from low interest rates, rising trade tensions, and a challenging environment for trading.
Shares of HSBC fell more than 2% in early trading on Monday...
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