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.
What the papers say about HSBC revelations
The revelations about HSBC occupy several front pages of British newspapers. Here's a selection of the headlines:
- Daily Mail: HSBC let drug gangs launder billions
- The Times: HSBC was used to 'clean drugs money'
- Guardian: HSBC shame over cash for drug barons
- Associated Press: HSBC compliance chief steps down after lax controls exposed bank to illegal activity
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