HSBC Finance Director Flint on Lloyds shortlist

Lloyds Banking Group has drawn up a shortlist of candidates to replace chief executive Eric Daniels. Among those identified for the top job at the struggling lender are Douglas Flint, the current HSBC finance director; Mark Tucker, the former Prudential chief executive; and Naguib Kheraj, previously chief executive of JP Morgan Cazenove and a former Barclays finance director.

HSBC misses overall 2009 profit expectations

HSBC reported a smaller-than-expected profit for 2009, with earnings of $5.83B vs. consensus of $7.76B. Impairment charges and other risk provisions rose to $26.5B for the year from $24.9B in 2008. Chairman Stephen Green acknowledged that “huge challenges and risks remain for all of us,” though “our track record of delivering results through adversity, and at all stages of the economic cycle, remains intact.”

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