HSBC plans major reshuffle as CEO 'to quit'

The massive shake-up at the top of the UK's biggest banks will continue as HSBC prepares to announce major changes to its senior management amid reports of a boardroom power struggle.

It comes after chairman Stephen Green announced he was leaving earlier than expected to become a trade minister. The BBC understands finance director Doug Flint will replace him, following FSA approval. Meanwhile another front-runner for the post, chief executive Mike Geoghegan, is also understood to have resigned. He is expected to be replaced by Stuart Gulliver, who runs HSBC's investment bank, according to BBC reports. This week, the chief executive of Lloyds Banking Group, Eric Daniels, said he was to retire in a year's time. Earlier this month it was announced one of the wo...