Major Shakeup In UK Banking: HSBC Chairman Leaves, Barclays Diamond Gets Top Spot

HSBC Stephen Green

The turning of the season brings with it a major shakeup in the world of UK banking.

Barclays has officially tapped Bob Diamond to be its new CEO, replacing John Varley. Diamond is responsible for the acquisition and integration of Lehman brothers.

And HSBC Chairman Stephen Green is heading to the UK government to be its the government’s Trade Minister. Green is an Anglican minister, and is well-known to be a critic of irresponsible, greedy banking practices.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at