Tag: Stephen Green

HSBC headquarters to remain in London

HSBC headquarters to remain in London

Despite speculation that banking giant HSBC would consider moving its UK headquarters, outgoing chairman, Stephen Green, has confirmed the bank will stay in London. The bank, which is Europe’s biggest, has a significant presence in Asia, which has led many to believe the bank would one day move its headquarters to Hong Kong. “Our policy [...]

September 29, 2010 | 0 Comments More
HSBC confirms boardroom changes

HSBC confirms boardroom changes

Banking giant HSBC has this weekend confirmed several boardroom changes after days of speculation. The bank, which is Europe’s largest, confirmed that its chief executive, Michael Geoghegan, will be replaced by investment banking chief Stuart Gulliver. Meanwhile, outgoing chairman Stephen Green (who is moving on to take up the post of trade minister with the [...]

September 26, 2010 | 0 Comments More
HSBC chief in boardroom row over chairman role

HSBC chief in boardroom row over chairman role

HSBC’s chief executive, Michael Geoghegan, has threatened to leave the bank if he is not promoted to chairman. According to the Financial Times, a person familiar with the bank’s succession plan, said: “He [Geoghegan] was told the board was not ready to give him the chairmanship and he was not happy.” Earlier this month, it [...]

September 22, 2010 | 0 Comments More
Lloyds chief exec to step down

Lloyds chief exec to step down

The chief executive of Lloyds Banking Group, Eric Daniels, has announced he will retire next year. The announcement follows other leadership changes in major banks earlier this month. Barclays’ chief executive, John Varley, will be departing next year and will be replaced by Bob Diamond, currently president of Barclays Plc. In addition HSBC chairman, Stephen [...]

September 20, 2010 | 0 Comments More
Top bankers to address lending concerns

Top bankers to address lending concerns

The bosses of Britain’s top six banks are to establish a taskforce to address the shortage of lending to businesses. In a letter to Chancellor George Osborne, British Bankers’ Association (BBA) chairman, Stephen Green, said there was a “need to make sure that viable businesses are able to obtain the finance they need to support [...]

August 9, 2010 | 0 Comments More
HSBC chairman: Banking industry “owes an apology”

HSBC chairman: Banking industry “owes an apology”

Stephen Green, chairman of Europe’s largest bank HSBC, said the banking industry “owes the real world an apology” for the financial crisis. In an interview with the BBC, Mr Green who is also a Church of England priest, said: “I think the change in the public perception of the industry is entirely understandable. The banking [...]

October 7, 2009 | 1 Comment More