The boardroom chaos at Europe's biggest bank drew fire from major shareholders as it emerged that Michael Geoghegan had offered to stay on at HSBC despite being passed over for the coveted post of executive chairman... more
The Financial Times carried a story that Michael Geoghegan, chief executive of HSBC, had threatened to resign if the board did not appoint him chairman - the one certainty in reading it is that he did no such thing ... more
Extraordinary turmoil at the top of HSBC increased when it emerged that finance director Douglas Flint is the front-runner to become the new chairman... more
IT’S seven months since HSBC chief executive Michael Geoghegan relocated to Hong Kong and arrived to applause from staff at the bank’s Norman Foster-designed HQ... more
HSBC profits: HSBC paid three of its top bankers more than £9 million last year, including its London-based head of investment banking Stuart Gulliver whose £9.86 million pay package included a £9 million bonus... more
Talk in the City turns to whether takeovers are in the pipeline for the water industry, with RBS the second broker this month to suggest the utilities sector is ripe for mergers and acquisitions... more
HSBC bows to pressure and scraps big pay rises for bosses Michael Geoghegan and Doug Flint, but declines to say whether they will receive bonuses... more
Morrisons and ITV have new chief execs — Dalton Philips and Adam Crozier. The common connection is “Big Al” — Allan Leighton, Philips’s boss at Loblaw and Crozier’s former chief at the Royal Mail... more
City feature: When bankers and hedge fund managers try to scare us and say they will jump ship to more benign climes, our response is to suggest they go at once. But bankers know they can now work from almost anywhere - and the next generation may not pick London... more
HSBC today said the worst of the global economic crisis has passed as it revealed third-quarter profits were “significantly ahead” of the same period last year... more
“There is not a clear message regarding future wholesale costs movements that can be communicated to customers” E.On’s Paul Golby obliquely commented recently, on the chances of a cut in retail prices for Britain’s households...... more
The friend dropped his bombshell. He was clearing off. He'd worked it out: soon he would be paying 50 per cent income tax as a high earner, the changes to personal allowances would add another 10 per cent and then there was VAT... more
HSBC’s Michael Geoghegan may think the future of the financial world lies in Hong Kong rather than London, but another disastrous stock-market flotation there today could suggest otherwise ... more
Banking: HSBC, Europe’s biggest bank, admitted it should never have bought its American consumer-finance business, Household, as it launched the UK’s largest ever shareholder cash call... more
HSBC chief executive Michael Geoghegan said he would not be bullied by Government into immediately passing interest rate cuts on to mortgage customers... more
Profile: Mike Geoghegan’s HSBC used to
be seen as a plodder. But he didn’t get his
knuckles rapped by ministers and it doesn’t
need our money. Its rivals are still smarting... more
HSBC, Europe’s largest bank, faced a barrage of criticism from shareholders at its annual
meeting over its controversial bonus plan to pay its top executives up to £120 million... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
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