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- 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...