Jill Treanor
Saturday May 26, 2007
Further evidence that the profits of Britain’s banks are being hit by customers reclaiming bank charges emerged yesterday when HSBC admitted it was feeling the repercussions of a customer revolt.
Following Barclays’ admission on Thursday, HSBC told shareholders at yesterday’s annual meeting: “In Europe, revenue growth is constrained as a result of our credit appetite and competitive forces…” This was taken as a hint about the impact of customers reclaiming charges.
The new management team, led by chairman Stephen Green and chief executive Michael Geoghegan, endured criticism of their performance and their pay as they outlined plans for expansion in Russia and Africa. Mr Green admitted that “anyone with a heart” understood criticism of the discrepancy between executive pay and that outside the boardroom. Sir Mark Moody-Stuart, the former head of oil company Shell who now chairs HSBC’s remuneration committee, said he agreed “with the discomfort people had”.
Asked if he had considered a bid for ABN Amro, the Dutch bank which has accepted a record-breaking bid from Barclays, Mr Geoghegan said: “I put the slide rule over everything, but I am not going to comment on the subject.”
The consortium led by Royal Bank of Scotland, which is considering a counter bid for the Dutch bank, is expected to table an offer on Tuesday.
http://business.guardian.co.uk/story/0,,2088681,00.html
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
