HSBC Holdings's Asia focus and push into emerging markets will remain in place, analysts said on Friday, after news that its CEO could step down following a management shake-up.
Michael Geoghegan is poised to step down as chief executive of HSBC at the end of the year, according to two people close to the bank’s board, to be replaced by Stuart Gulliver, head of the group’s investment bank. The FT reports.
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HSBC finance director Douglas Flint is shaping up as the likely candidate to replace Stephen Green as chairman, according to people close to the bank’s board. The Financial Times reports.
Michael Geoghegan, chief executive of HSBC, has threatened to resign from his job if he is not elevated to the chairman’s role, according to two people familiar with the bank’s succession planning. The Financial Times reports.
Stocks closed lower Tuesday as the Dow and the S&P 500 ended a four-day winning streak amid renewed concerns about the European banking sector and light post-holiday trading. Amex sank, Oracle rose.
Stocks fell Tuesday as the Dow and the S&P 500 were on pace to end a four-day winning streak amid renewed concerns about the European banking sector and light post-holiday trading. Amex, AIG fell, Oracle rose.
Barclays confirmed Bob Diamond as its next chief executive Tuesday and unveiled a generous remuneration package for the head of its fast-growing investment bank. The FT reports.
Sir John Bond is preparing to step down as Vodafone’s chairman, with the UK mobile phone group hoping to appoint a successor by next year’s annual meeting.
Blasting off mountaintops to reach coal in Appalachia or churning out millions of tons of carbon dioxide to extract oil from sand in Alberta are among environmentalists’ biggest industrial irritants. But they are also legal and lucrative.
In a global economy that has been plagued by troubles in the world’s financial systems, the words “safe” and “bank” still give investors pause.
Stocks ended lower Monday, led by industrials, materials and techs. Investors once again shrugged off a wave of merger-and-acquisition activity, which normally gives the market a boost.
Stocks were mixed in a tight range Monday, after an early boost from merger-and-acquisition activity, as weakness cut into techs, banks and homebuilders.
Stocks turned lower Monday, after an early boost from merger-and-acquisition activity, as weakness crept into techs, banks and homebuilders.
U.S. stock index futures pointed to a higher open Monday with merger and acquisition activity adding some focus to low-volume summer trading.
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Teh Spanish Bank is poised to make two more bold acquisitions as it continues to scoop up the assets of troubled rivals, the Financial Times reports.
Stocks kicked off August with a rally, snapping a three-day losing streak, after a better-than-expected manufacturing reading and some strong bank earnings out of Europe. The Dow jumped 2%.
The Dow and S&P 500 rose more than 1.5 percent Monday, with both indexes hitting a 10-week high, boosted by energy and materials. But RIM and Walmart fell.