HSBC chief steps down after 18 months on the job

HSBC chief John Flint is stepping down after less than two years on the job

The bank said in a statement that Flint resigned by mutual agreement, adding that change is needed to meet"the increasingly complex and challenging global environment"

is stepping down after less than two years on the job. also announced plans to buy back $1 billion worth of shares. But the bank acknowledged that it still faces headwinds, including falling US interest rates and"geopolitical issues" that could hit"a significant number of our major markets." The nature and impact of Brexit, for example,"remain highly uncertain," the bank said. Read MoreDeutsche Bank sinks to $3.

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