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.
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.
The head of compliance at HSBC has resigned in front of a US Senate subcommittee.
David Bagley stepped down from a 20-year career after it emerged that HSBC had exposed the US to billions of dollars worth of money laundering, drug trafficking, and terrorist financing.
A Senate report found the bank acted as a financier to clients routing funds from the world's most dangerous corners, including Mexico, Iran and Syria.
Mr Bagley said: "Despite the best efforts and intention...HSBC has fallen short of our own expectations and the expectations of our regulators."
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.