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

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

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."