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Directors of UK business did not quit due to jail threat: HSBC chairman

Tue, Dec 02, 2014 - 5:50 AM

Mr Flint (above) says Mr Thomson resigned mainly due to his work burden.

PHOTO: REUTERS

London

TWO directors of HSBC's British business have expressed concerns about new rules that can result in jail sentences for senior bankers, but only one has resigned, and that was mainly due to extra demands on his time, the bank said.

HSBC chairman Douglas Flint said in a letter...

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