HSBC on Monday announced its Group Chief Executive John Flint had stepped down after less than two years on the job, as the banking giant revealed decent first-half profits but warned it faced "challenging" geopolitics.

HSBC CEO John Flint resigns as bank faces 'challenging' geopolitics

The update marks a definitive pivot in HSBC's post-2008 crisis strategy, from cost-cutting and restructuring to investment and expansion as it seeks to improve returns

HSBC to invest $15-17 billion by 2020 as strategy pivots to growth

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HSBC CEO John Flint resigns as bank faces 'challenging' geopolitics

HSBC to invest $15-17 billion by 2020 as strategy pivots to growth