HSBC

Banking giant HSBC announced the appointment of a new chairman on March 13 as part of a management overhaul which will also see it choose a new CEO, after a massive drop in profits in 2016.

British businessman Mark Tucker will take over from current chairman Douglas Flint in October. Tucker is currently group chief executive and president of insurance group AIA.

Eurobank has hired HSBC and Mediobanca to help it find a "strategic partner" for its Romanian subsidiary, a source at the Greek bank said on Monday.

Major Greek banks are looking to reduce their exposure abroad and strengthen their capital base under the terms of the country's latest multi-billion euro financial bailout.

The Israeli partners in the Leviathan gas field said on Dec. 12 they approved a development plan for the field with a target production date for the end of 2019.

The plan, the group said in a statement to the Tel Aviv Stock Exchange, includes a first stage development for production of about 12 billion cubic meters (bcm) a year at a cost of $3.5-4 billion.

A jury trial against Turkish-Iranian businessman Reza Zarrab that was scheduled to begin on Jan. 23, 2017, has been suspended until Oct. 16 after the judge in the fraud case ruled that the defendant's legal team required extra time to prepare for an additional indictment regarding Zarrab's alleged ties to Hezbollah.

The main Israeli partners developing the large Leviathan natural gas site said on Nov. 27 they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion (1.65 billion pounds) of financing.

Delek Drilling and Avner Oil Exploration said the funds would go towards the A1 development stage of the project.

The lists of possible tax dodgers at the monitoring authorities' disposal are being checked at a particularly slow rate, according to data released on Thursday by Alternate Finance Minister Tryfon Alexiadis.

HSBC is not planning to leave the Turkish market, the major international lender's Turkey CEO has said.

For the second year in a row, Singapore has taken the top spot in HSBC's Expat Explorer country league table, while Switzerland offers the best wages and Sweden is the best for families. 

New Zealand and Canada followed close behind, taking second and third place, respectively, in the overall Expat Explorer country league table.

Allegations made in a new book by former finance minister Giorgos Papaconstantinou that SYRIZA officials asked him to provide evidence that would incriminate his successor Evangelos Venizelos (photo) over the Lagarde list affair, have provoked a reaction from the leftist party and the ex-PASOK leader.

HSBC is expected to make an announcement about plans for its Turkey unit on Feb. 22, a source close to the matter has told Anadolu Agency. 

The bank, which had said earlier it would sell its Turkey unit, will reveal its plans about restructuring in the country, according to the source.