News

The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

James Moore: Bt's Ian Livingston times exit well while the going is good

Outlook One of the key skills for a chief executive is getting the timing of your departure right. Ideally, you want to ensure a successor has six months in the job with a couple of decent trading statements before any serious problems emerge.

BT chief Ian Livingston quits to join Coalition Government as Gavin Patterson is brought in

Ian Livingston has been lured from helm of BT to become David Cameron's Trade minister, banging the drum for UK exports and inward investment.

BT chief executive Ian Livingston, who will be appointed to the Government as trade minister

Gavin Patterson replaces BT chief Ian Livingston after he quits to take on role as Government trade minister

Former chairman and chief executive of HSBC Lord Green to stand down

Market Report: Finance shares hit by ECB growth cut

A widespread market sell-off, prompted by a growth forecast cut from the European Central Bank, left the UK's financial stocks at the bottom of the pile yesterday. But the City marked out one notable exception: scribblers at HSBC reckon Michael Spencer's interdealer broker Icap is worth a look.

HSBC in dock for 'flouting US laws on mortgage foreclosures'

HSBC failed to comply with New York state laws that give homeowners facing foreclosure an early shot at negotiating a settlement, thus putting them at greater risk of losing their homes, the state's attorney general alleged in a new case against the bank yesterday.

When the Money Runs Out, By Stephen D King. Yale, £20. The Growth Map, By Jim O'Neill. Portfolio Penguin, £10.99

We call it globalisation and it is one of the two great economic stories of our time: that shift of economic power from the old developed world to the new emerging one. The other story is the nasty economic cycle we have just experienced. The two stories are linked because the failures of Western economic management that exacerbated the last recession have sped up the power shift.

Spotlight On: HSBC's tracker mortgage

The deal

Ex-spy boss Sir Jonathan Evans to help HSBC in fight against financial crime

Bank hires former head of MI5 to clean up its act after being fined by US authorities

Ex-HSBC executive Niall Booker parachuted in to sort out Co-op

The veteran HSBC banker Niall Booker has been made chief executive of the struggling lender The Co-operative Bank.

Niall Booker named as new Co-operative bank chief

Senior HSBC banker Niall Booker is to become chief executive of the troubled Co-operative Bank and deputy chief executive of the Co-operative Group, it was announced today.

Bill Oddie is to question HSBC about connections to deforestation in Borneo

HSBC reviews logging policy as Bill Oddie film sparks petition

Bank launches audit as outcry grows over links to Malaysian logging companies

New blows shake hopes for UK economic recovery as IMF delivers warning to George Osborne

Slumping High Street sales and halting progress in cutting the deficit dampened hopes of green shoots for the British economy today.

Market Report: Success in retail not always a good thing

Next and WH Smith were victims of their own success as scribblers at Nomura downgraded the pair.

John Thornton quits HSBC board

John Thornton, the former Goldman Sachs president who specialises in Chinese affairs, is stepping down from the board of HSBC to spend more time on his other business interests.

The Business Matrix: Tuesday 21 May 2013

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