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John Boumphrey says the education system "isn't necessarily producing young people who are ready for work".
The Standard Chartered boss said he values all colleagues and is committed to helping them cope with change.
The US president piled major pressure on Kevin Warsh's predecessor to cut interest rates.
It said difficulties had been exacerbated by "significant cost increases resulting from government policy choices".
Temperatures hit 28.4C in parts of England on Friday, while delays have been reported at the Port of Dover and Birmingham Airport ahead of the bank holiday weekend.