With Standard Chartered CEO Peter Sands on his way out, the money is on HSBC Chairman Douglas Flint to resign.
Bloomberg News reports that embroiled in a scandal linked to tax evasion at HSBC’s private bank, Flint, 59, replaced Sands as bookmakers’ favorite among U.K. bank leaders seen departing this year.
Ladbrokes and Paddy Power are offering odds of 1/2 and 7/4, respectively, for the chairman to step down. HSBC CEO Stuart Gulliver, 56, ranks second at Ladbrokes.
HSBC’s top management has come under fire from U.K. lawmakers after fresh details emerged last month showing how the bank’s Swiss unit helped clients evade taxes. That followed billions of dollars in fines for helping Latin American drug cartels launder money and for manipulating currency markets.
To access the complete Bloomberg News article hit the link below:
HSBC’s Flint Odds-On to Be Next U.K. Bank Chief to Exit in 2015
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