HSBC Holdings (NYSE:HSBC)(OTCPK:HBCYF) is about to begin looking for its next chair, Sky News reported Saturday.  According to the report, the board of HSBC has hired headhunters to recruit Chair Mark Tucker’s successor.

HSBC's board has appointed headhunters to start the recruitment of its next chairman, Sky News reported on Saturday, with incumbent Mark Tucker due to stand down by 2026.

HSBC Holdings Plc is preparing to start the search for a successor to Chairman Mark Tucker, Sky News reported, citing people with knowledge of the matter.

HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.

HSBC Holdings Plc is pulling back from its credit card business in China, Reuters reported, citing unidentified sources.