HSBC, StanChart Earnings to Show Effects of Strategy Shifts

The shock exit of Standard Chartered Plc’s finance chief and the implications of HSBC Holdings Plc’s multibillion-dollar purchase of a bank stake will loom large as the two report earnings.

Standard Chartered investors were caught off guard by the resignation of Chief Financial Officer Diego De Giorgi, a potential successor for the top job and a key figure behind its $1.5 billion cost-cutting program. The bank’s shares have tumbled over 6% since his resignation.