HSBC's Swiss private banking unit alleged to have helped wealthy clients avoid taxes by French prosecutors.
Banks have been rebuilding their balance sheets and returning to form – once again piquing equity investors' interest.
Global banking giant expected to advise Saudis on what's being tipped as the world's largest IPO.
Tucker, 59, will take over from Douglas Flint in October.
The IMF had warned last week that a Brexit would fuel inflation and lead the UK economy into recession.
This lawsuit had stemmed from HSBC's 2003 acquisition of US subprime group Household International.
Barclays, UniCredit, Standard Chartered and Deutsche Bank have replaced their CEOs over the past two years.
The move affects 300 workers who are expected to be redeployed by the bank.
The payment protection insurance scandal, which has totalled £34bn is expected to ease off.
The new chairman would select a new chief executive to succeed Stuart Gulliver.
New measures by the ECB means Eurozone banks are catching up with British peers.
HSBC reported a pay cut for Stuart Gulliver, its chief executive, from £7.6m to £7.3m.
Pre-tax profit grows 1% but falls short of expectations as lender warns of a bumpy road ahead in China.
Up to 15 million HSBC customers will no longer need to remember PIN numbers and passwords to access accounts
EU referendum: HSBC boss Stuart Gulliver says bank could shift 1,000 jobs to Paris in case of Brexit
The number of jobs shifted to Paris would depend on the terms of the Brexit deal.
IBTimes UK has listed 20 big businesses with, perhaps, surprising headquarters locations.
Family members of those killed by drug cartels to sue bank under the US Anti-Terrorism Act.
HSBC's decision on the move is expected to come well ahead of its full-year reports out on 22 February.
The settlement is similar to the 2012 agreement that officials reached with JPMorgan and Bank of America.
Other banks such as Barclays too have been on a cost cutting drive in recent years.
Lack of tax deduction for share bonuses and overhead costs booked in the UK expected to offset lower tax rate.
FCA was examining HSBC with regards to its Swiss tax scandal of about a year ago.
According to analysts at Citigroup, HSBC has risk-weighted assets of about $290bn across the globe.
Edmund Shing explains why HSBC is the most attractive investment of Britain's big four banks.
UK banks have been pretty bad boys, caught out for a succession of Payment Protection Insurance scandals.
Argentina's tax agency AFIP accuses the bank of moving $3.5bn out of the country.