HSBC Holdings Plc unexpectedly announced Tuesday that Chief Executive Noel Quinn is resigning after five years, citing the need for a 'better work-life balance.' The Asia-focused bank plans to complete the succession process in the second half of the year. Reuters said the top candidate for the position (at the moment) is Chief Financial Officer Georges Elhedery. Quinn, 62, has been at the helm for five years. Under his leadership, the bank's profits soared, and its share price increased after the size of its underperforming units was slashed, especially in the United States and Europe. The bank has focused its ... (full story)