HSBC's attempts to clean up US business practices are falling short, report says

A 1,000-page report by the US Department of Justice to force HSBC to operate to higher standards is not improving the way it does business fast enough


HSBC is expected to be told this week that its attempts to clean up the way it does business are falling short of the standards required by the US authorities.


A 1,000-page report by a monitor installed by the US Department of Justice to force HSBC to operate to higher standards shows that Britain’s biggest bank is not improving the way it does business fast enough. The monitor was appointed following the bank’s record-breaking $1.9bn (£1.2bn) fine in 2012 for laundering money for Mexican drug cartels, terrorists and pariah states.


Continue reading...



via Business Feeds

0 nhận xét:

Post a Comment