Business quote of the day: HSBC, or not HSBC?
Stuart Gulliver of HSBC defends his bank over its settlement for money laundering charges.
The HSBC of today is a fundamentally different organisation from the one that made those mistakes.
Stuart Gulliver, group chief executive of HSBC, apologies after the bank agrees a $1.9bn (£1.2bn) settlement with US regulators over money laundering charges. The US Senate investigation accused the UK bank of being a home for “drug kingpins and rogue nations”. The payment is the largest ever paid in a case like this.