Bloomberg HSBC Holdings Plc made insurance executive Mark Tucker the preferred candidate to be chairman, replacing Douglas Flint, according to two people familiar with the decision, as Europe’s largest bank takes the first step to overhaul its top management team. Tucker, 59, chief executive officer of AIA Group Ltd. and former head of Prudential Plc, is in discussions with ...

  Bloomberg The Bank of England’s (BOE) newly appointed deputy governor remains under pressure this week as she awaits a lawmaker report on her conduct. Parliament’s Treasury Committee is reviewing Charlotte Hogg’s position after she admitted she didn’t disclose that her brother works at Barclays, which the BOE regulates. The Sunday Times newspaper reported that some commercial bankers have said ...

  Bloomberg UBS Group AG handed out the smallest bonuses in four years and lowered Chief Executive Officer Sergio Ermotti’s payout as profit slumped last year. The bank cut the bonus pool for 2016 by 17 percent to 2.9 billion Swiss francs ($2.9 billion), according to its annual report. Ermotti, 56, remains the highest-paid executive at the Zurich-based lender, with ...