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HSBC (HBC) head of group compliance - David Bagley - testifying to a Senate committee, tells the...

HSBC (HBC) head of group compliance - David Bagley - testifying to a Senate committee, tells the group he plans to step down. HSBC is under the gun today for control failures that allowed the bank to be a conduit for "drug kingpins and rogue nations."
Comments (1)
  • Is 'stepping down' all it takes to be admonished from any prosecution resuilting from illegal funding of terrorist activities.
    Maybe some time on the front lines with the military personnel that he jeopardized would help him get some focus on the big picture beyond his wallet.
    17 Jul 2012, 05:05 PM Reply Like
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