HSBC 'sorry for mistakes'
HSBC chairman has apologised for making "mistakes in the past, and for them I am very sorry." They have set aside £446m top pay for the money laundering scandal and £495m for mis-selling of PPI and credit swaps.
Fallen HSBC boss admits bank's failings
Mr Bagley said he had told senior management that it was the "appropriate time" for "someone new to serve as the head of group compliance".
In his written submission, he said HSBC had "learned a number of valuable lessons" and partly blamed the oversights on the bank's rapid growth.
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