Operational resilience and liquidity under scrutiny

May also impact the provision of finance to the economy

Fear of regulation main driver behind cut in exposure

Under pressure from regulators

Follows extended period of underperformance

Fiscal stimulus could be 'down to governments'

Paul Surguy set to join from Kleinwort Hambros in January

New guidelines introduced at the start of December

Undisclosed relationship with a colleague

Will lead to 'loss of some very talented colleagues'