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HSBC's CEO Sets Aside $2 Billion for "Shameful and Embarrassing" Banking Activity after Mixed Earnings Report
Monday, July 30, 2012 - 8:39amHSBC Holdings (NYSE: HBC) beat estimates despite setting aside $2 billion to cover regulatory fines and lawsuits in connection with accusations stemming from laundering money for Mexican drug lords. The breakdown for the lender's missteps includes a $1.3 billion provision to compensate British...
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HSBC Confirms Gulliver, Green as New CEO, Chairman (HBC)
Friday, September 24, 2010 - 2:30pmHSBC Holdings (NYSE: HBC) confirmed Friday that outgoing CEO Michael Geoghegan is going to be replaced by Stuart Gulliver. In addition, Douglas Flint, the finance director as HSBC, is confirmed to be the replacement for Chairman Stephen Green after Green accepted a post in the British government...
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Stuart Gulliver
Benzinga Professional
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