David Prosser: HSBC keeps us all guessing
Thursday 30 September 2010
Outlook Also hoping to put its troubles behind it is HSBC. After the public infighting of last week, the bank's senior directors were all very gracious about each other yesterday as they met up in Shanghai for the board meeting that had been due to sign off on its management shake-up. Stuart Gulliver, HSBC's chief executive in waiting, was in particularly conciliatory mood, softening his tone on whether the bank might quit the UK.
Still, questions remain about what has gone on over the past week. If Michael Geoghegan, the current chief executive, really never expected to become chairman, why did he, or the bank, not say so amid all the speculation about whether he would get the job? Who – and it was clearly someone very senior – was responsible for the hugely damaging leaks, true or not, that so embarrassed HSBC last week? And what now for John Thornton, who many believe signed up for a non-executive directorship at the bank with the aim of becoming its chairman?
World news in pictures
Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
Plenty of Fish dating site founder pulls 'Intimate Encounters' option to ward off sleazy men
Oklahoma tornado: Rescue effort nears an end as authorities say they are confident there are no bodies or survivors left in the rubble
Video emerges of Pope Francis reportedly performing an exorcism in St Peter’s Square
- 1 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 2 Swedes set up 'ultimate Viking movie'
- 3 After woman sells virginity for $780,000, here are the results of our prostitution survey
- 4 China agrees to impose carbon targets by 2016
- 5 Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
Negotiable: Orgtel: SAS BI Content Developer - Bristol - Up to £370/day! Our C...
£850 - £1000 per day: Orgtel: Programme Change Manager - Banking - London - £8...
£180 - £230 per day: Orgtel: Operations Analyst - Leading Bank in the City of ...
£500 per day: Orgtel: A top tier banking client urgently requires Finance Busi...