BAT is the latest London-listed company where succession is an issue
Treasury appoints HSBC and law firm Ashurst to lead project first announced by Rachel Reeves in 2024
American banker Michael Roberts will head up the lender’s new corporate and institutional division
Lender ‘maniacally focused’ on rebuilding investment bank in one of its home markets
Move follows investigation into bank’s handling of trades between 2014 and 2019
Proceedings come as ailing business empire that owned Telegraph owes large debts
Some small businesses would like to boost borrowing but are struggling to do so
Scrapping of international manager programme comes despite need for long-term employees schooled in bank’s culture
Ann Godbehere will step down as a director at next year’s annual meeting
Ida Liu to join Europe’s largest lender as head of its global private bank
‘International Manager’ programme closed to new recruits as CEO Georges Elhedery reshapes Europe’s largest lender
Plus, Blue Owl bought its shares and Bending Spoons embraces financial engineering in Europe
A chaotic seven-month search cast the net wide but ended with Mark Tucker’s interim replacement
The bank scoured the globe for candidates only to choose the person already doing the job on an interim basis
Former KPMG partner had been serving as interim chair since October
Georges Elhedery tells FT Global Banking Summit it is ‘not an option’ for lender to fall short in key areas
Bank will use technology for tasks, including translation and document analysis
Bank’s board still riven over a replacement for Mark Tucker, 15 years after similar succession saga
UK lenders have hit post-crisis highs, which has generated anxiety over a potential tax raid
Bank’s leadership differs on who has necessary finance experience and Asia knowledge
HSBC and Barclays executives tell House of Lords committee they are losing ground to US rivals
Plus, K&E changes tactics, London’s quant renaissance and Peter Doig’s House of Music at the Serpentine
Collapse of First Brands Group and Tricolor Holdings has unnerved investors
Bank makes provision for lawsuit stemming from criminal enterprise that collapsed in 2008
David Lindberg appointed chief executive of ringfenced bank
