#douglas flint

[hongkongfp]

JUST IN: HSBC says 2016 net profit plunged 82% to US$2.48bn

https://www.hongkongfp.com/2017/02/21/just-hsbc-says-2016-net-profit-plunged-82-us2-48bn/

[whytehousetv]

UK Banks Look for Brexit Clarity HSBC chairman Douglas Flint says some banks may begin triggering contingency plans in March this year when formal divorce talks start if there is no clarity on whether Britain will retain access to the European single market when it leaves the EU. David Pollard reports.

[newsdock]

The chairman of banking giant HSBC warned on Friday that uncertainty over the economic future of Scotland could lead to "capital flight" if it votes to leave the United Kingdom next month. Writing in British daily The Telegraph, HSBC head Douglas Flint said the currency union with England was an "anchor" for Scotland's stability and leaving it "would be complex and fraught with danger". Flint, himself a Scot, is the most high-profile business leader to speak out against Scotland leaving the United Kingdom before the September 18 vote. "Uncertainty over the Scotland's currency arrangements could prompt capital flight from the country, leaving its financial system in a parlous state," he wrote in the newspaper. Source: AFP