techkenyot.com
techkenyot.com October 21, 2017


HSBC appoints new CEO to replace retiring Stuart Gulliver

12 October 2017, 07:20 | Hattie Nash

The Barbados hotels owner said that bookings are currently ahead of the same period last year

The Barbados hotels owner said that bookings are currently ahead of the same period last year

London-based HSBC on Thursday named John Flint, now head of its retail bank, as its new Chief executive, effective February 21.

Under the leadership of Douglas Flint and Mr. Gulliver, HSBC has undergone major changes, making efforts to navigate a hard business environment and the greater scrutiny and capital demands from regulators after the financial crisis. Flint now leads the company's retail banking and wealth management services. He has a great understanding and regard for HSBC's heritage, and the passion to build the bank for the next generation.

Tucker, who joined from insurer AIA, is the first outsider to be hired as chairman or chief executive at HSBC but one of his first acts as chairman was to appoint Flint, who has served his time with HSBC in both Europe and Asia, and in the bank's global banking and markets divisions, as well as its retail banking business.

Recent Analysts Ratings Whiting Petroleum Corp. (WLL)
Its up 0.52, from 0.99 in 2017Q1. 290.12 million shares or 1.84% more from 284.87 million shares in 2017Q1 were reported. The stock of Whiting Petroleum Corp (NYSE: WLL ) earned "Underperform" rating by Bank of America on Wednesday, July 19.

Tucker added: 'Stuart has led HSBC through a challenging and hard period with great energy and commitment and successfully reshaped the business strategy of the bank.

Flint spent his first 14 years with HSBC in Asia, establishing an investment bank in the region.

Flint will earn a base salary of £1.2 million ($1.58 million), a fixed pay allowance of £1,700,000 and a pension allowance of £360,000.

Abbott Laboratories (ABT) Receives Consensus Rating of "Buy" from Analysts
The Locust Wood Capital Advisers Llc holds 715,044 shares with $34.76 million value, down from 940,659 last quarter. The stock of Abbott Laboratories (NYSE:ABT) has "Equal-Weight" rating given on Monday, January 4 by Morgan Stanley.

In July, HSBC announced its third share buyback in a year and rising profits, in a sign of its turnaround.

In August previous year HSBC abandoned a timetable for achieving that target, as increased regulatory requirements on capital, low interest rates and rising competition from low-cost competitors pressure lenders' profits worldwide. He moved back to London in 2004, and has represented HSBC in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, and the U.S.

Reviewing the Insider Trends for Alaska Air Group, Inc. (ALK)
The expected ALK's profit could reach $302.62M giving the stock 8.26 P/E in the case that $2.45 earnings per share is reported. Investors often use this ratio to evaluate what a stock's fair market value should be by predicting future earnings per share.



Other News

Trending Now

Eminem 'attacks' President Donald Trump
The track is named after the suggestive remarks Donald Trump made last week whilst he was photographed with military leaders. "Do you support him or do you support this show that constantly mocks and denigrates everything about him", he said.

Credit Suisse Group Reiterates "Hold" Rating for Wells Fargo & Company
After $1.42 actual EPS reported by AbbVie Inc for the previous quarter, Wall Street now forecasts -3.52% negative EPS growth. Stelac Advisory Services LLC bought a new position in shares of Wells Fargo & during the second quarter valued at $104,000.

Netflix, Inc. (NASDAQ:NFLX) Stock Closed Above Its 50 Day Moving Average
Netflix , Inc is a provider an Internet television network. (NASDAQ:NFLX) on Monday, August 29 with "Sell" rating. The shares were sold on October 6th for a price of $194.90. (NASDAQ:NFLX) to report earnings on October, 16.

Cognizant Technology Solutions Corporation (CTSH) Given Coverage Optimism Score of 0.14
Kandiah Gajakarnan Vibushanan also sold $674,365 worth of Cognizant Technology Solutions Corp (NASDAQ: CTSH ) on Tuesday, June 6. Moreover, Wfg Advisors Lp has 0.03% invested in Cognizant Technology Solutions Corp (NASDAQ: CTSH ) for 1,958 shares.

Breaking Bad house owners build fence after pizza stunts
Quintana added that it is not just the pizzas , as some fans steal rocks from the home's landscaping to take home as souvenirs. Show creator Vince Gilligan even made a public plea back in 2015 for people to stop throwing pizzas on the roof.

Irish court gives $1 billion Apple data center green light
Objectors are likely to appeal the court's decision, meaning it could end up in the Supreme Court. This prompted 2,000 local people from Athenry to march in support of the data centre past year .

Former Colts DE Kendall Langford signs with Texans
He's an awesome human being, and he will work extremely hard to be back, to be back to play for this football team. The Texans also reportedly plan to sign Kendall Langford , according to the Houston Chronicle's Aaron Wilson .

Heated confrontation between Florida doctor and patient
Gallogly says he went to the waiting room because Stipe demanded to see him, which is when the argument on tape happened. She says she waited for more than an hour there, then decided she was too weak to stay and wanted to go home.

How Many Union Pacific Corporation (NYSE:UNP)'s Analysts Are Bearish?
Investors of record on Wednesday, May 31st will be paid a $0.605 dividend. 5,459 were accumulated by Dubuque Natl Bank And Tru. Proficio Capital Partners LLC raised its holdings in shares of Union Pacific Corporation by 36.3% during the first quarter.

Sir Richard Branson promises to build 'revolutionary' Hyperloop train service
Its tracks use magnetic levitation and the pod glides at airline speeds for long distances. 'This is just the latest example'. The 1.8 mile (3 km) full-scale and full speed enclosed prototype is taking shape in the desert in North Las Vegas in Nevada.