HSBC Chairman Mark Tucker will step down this year, kicking off a hunt for a leader who can steer the Asia-focused bank ...

HSBC will not shift to fully virtual annual meetings, the bank’s chair said at its AGM in London on Friday.

The bank posted a drop in pre-tax profits for the first quarter, but announced a share buyback programme of up to $3bn.

The pre-tax profit represented a $3.2 billion decrease from the same period last year, with the firm attributing the drop ...