Comment On Hsbc To Apologize At U.s. Senate Money Laundering Hearing: Memo

HSBC to apologize at U.S. Senate money laundering hearing: memo

HONG KONG (Reuters) - HSBC plans to "acknowledge and apologize" for failing to spot and deal with money laundering within the bank during a U.S. Senate panel hearing next week, according to an internal memo sent by its chief executive.

BING NEWS:
  • HSBC Apologizes at US Senate Hearing on Money Laundering
    New York—U.K.-based global banking giant HSBC Group PLC and its U.S ... the Senate Permanent Subcommittee on Investigations Tuesday to testify regarding the allegations of “expos[ing] the U.S. financial system to a wide array of money laundering ...
    07/18/2012 - 6:14 pm | View Link
  • Senate Report Blasts HSBC Over Money Laundering
    Law360, New York (July 16, 2012, 7:13 PM ET) -- A blistering U.S. Senate report released Monday ... In a statement, HSBC said that it planned to apologize for its anti-money laundering lapses at Tuesday's hearing. "We have learned a great deal working ...
    07/16/2012 - 12:13 pm | View Link
  • HSBC to Apologize at Senate Hearing
    HSBC Holdings PLC will apologize at a U.S. Senate hearing for its lax efforts to prevent money laundering, the London-based lender's chief executive said in a company memo. "Between 2004 and 2010, our antimoney-laundering controls should have been stronger ...
    07/11/2012 - 10:25 am | View Link
  • HSBC to Apologize at Senate Money Laundering Hearing
    HSBC Holdings PLC will apologize at a U.S. Senate hearing for its lax efforts to prevent money laundering, the London-based lender’s chief executive said in an internal memo, Dow Jones Newswires reported. “Between 2004 and 2010, our anti-money ...
    07/11/2012 - 5:05 am | View Link
  • HSBC to apologize at U.S. Senate money laundering hearing: memo
    "It is right that we are held accountable and that we take responsibility for fixing what went wrong," Chief Executive Officer Stuart Gulliver said in a note sent to staff and seen by Reuters. The U.S. Senate Permanent Subcommittee on Investigations has ...
    07/11/2012 - 2:00 am | View Link
  • More
BING SEARCH:
  • HSBC to Settle Money-Laundering Claims for $1.9 Billion ...
    HSBC is near a deal to pay $1.9 billion to settle U.S. regulators' allegations that the bank for years ignored red flags about money laundering. That ...
    04/21/2014 - 2:39 pm | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    04/21/2014 - 10:43 am | View Website
  • HSBC Exposed U.S. Financial System to Money Laundering ...
    Monday, July 16, 2012. WASHINGTON – Global banking giant HSBC and its U.S. affiliate exposed the U.S. financial system to a wide array of money laundering, drug ...
    04/21/2014 - 3:55 am | View Website
  • HSBC
    HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is one of the world's largest banks.
    04/20/2014 - 9:25 am | View Website
  • Politics News and U.S. Elections Coverage
    Get the latest breaking politics news and political coverage of U.S. elections. Get updates on President Obama's White House, Congress and more at ABC News.
    04/20/2014 - 3:20 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Hi, thanks for visiting! Check out my blog to learn how I created Wopular and Rotten Tomatoes with next to nothing.

Senh Duong (Founder)
Wopular, Rotten Tomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Friend Wopular on MySpace

More News