HSBC scandal 'shameful and embarrassing'

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HSBC scandal 'shameful and embarrassing'

3News NZ

HSBC is one of a few banks under investigation

HSBC is one of a few banks under investigation

HSBC, along with Barclays and Standards & Poor, is subject to a major investigation relating to anti-money laundering controls.

HSBC’s chief executive has described the scandal as “shameful and embarrassing”.

The bank has put aside up to $2 billion to cover its misdemeanours.

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Comments

10/08/2012 8:43:08 a.m.

Ron paul wrote:

Not surprisingly there is minimal coverage by the bank owned media.

8/08/2012 12:59:38 p.m.

adam wrote:

i would expect kiwis to understand. to many JK lovers!