'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statement

HSBC announced the unexpected resignation of CEO Noel Quinn, who cited the need for a better personal and business life balance after a demanding five-year tenure. Quinn, who has been with HSBC for 37 years, led the bank through significant challenges, including the COVID-19 pandemic. The search for a new CEO is underway, with Quinn staying on during the transition. HSBC shares rose following the announcement, reflecting positive first-quarter earnings.