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Public accounts committee says neither managers nor government are able to explain project’s benefits

Zing had fewer than 9,000 active customers in the month before its announced closure

Bank’s current finance chief had been seen as leading candidate to take over from Noel Quinn

Bank will start disclosing emissions linked to capital raises for oil and gas groups as well as lending

Bank plans to separate east from west and split into 4 units to cut costs and simplify its business

UK-based lender says it has started formal process to find successor

Crisis-hit sector had ‘deep’ correction but can now recover, says Noel Quinn

Move would be a significant early step by chief executive Georges Elhedery

Bank is one of employers that withdrew job offers to foreign graduates after Britain tightened visa rules

UK-based bank has more than $3bn in exposure to defaulted commercial real estate loans in the territory