) -- Douglas Flint, finance director of
, is emerging as the likely candidate to replace Stephen Green as chairman of the bank, a report says.
after the board found it difficult to choose between Michael Geoghegan, the bank's CEO, and John Thornton, the former
banker and non-executive director of HSBC, the
reports, citing people close to the bank's board.
The newspaper reported Wednesday that Geoghegan threatened to quit following an indication from board members that Thornton might be given the job. HSBC denied the CEO had threatened to resign over not being given the chairman's role, describing such talk as "nonsense."
reports, three people close to the HSBC board said it was looking increasingly likely that a compromise candidate would be appointed chairman, allowing Geoghegan to remain as its Hong Kong-based CEO.
Green announced two weeks ago that he would step down as HSBC chairman and become U.K. trade minister.
-- Written by Joseph Woelfel
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