Tuesday 31, July 2012 by Robin Amlôt
HSBC profits down three per cent as bank apologises
Another major international financial institution, this time HSBC, has publicly apologised for past behaviour. A statement from the Group Chief Executve Stuart Gulliver published alongside the bank’s H1 results said, “We apologise for our past mistakes in relation to anti-money laundering controls, and it is a priority for senior management to build on steps already taken to manage risk and ensure compliance more effectively.”
