Stuart Gulliver, the boss of HSBC, grumbles that publicly owned businesses are now being held to a higher standard of behaviour than bishops. A more apt comparison might be medieval monks, given the self-flagellation that the London-based banking giant has felt obliged to perform in the wake of a tax-dodging scandal. It has run grovelling, […]
Read MoreHSBC BOOSTS COMPLIANCE BY HIRING 100 COMPLIANCE OFFICERS A WEEK
It has been reported in The TIMES (UK) today (4 Nov 201) that HSBC is hiring 100 compliance officers a week. It was reported that 1. Stuart Gulliver, the chief executive, revealed that he had hired 1,400 extra people in risk and compliance in the third quarter alone as the bank grapples with conduct issues […]
Read More