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This happens when bankers become too powerful.
http://edition.cnn.com/2015/03/31/as...teen-comments/
http://edition.cnn.com/2015/03/31/as...teen-comments/
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Re: This happens when bankers become too powerful.
The times they aren't a-changin'
“In terms of actually tightening HSBC, making it a simpler business, making it a business that actually follows the highest standards of money-laundering controls, knowing our customers and tax transparency, substantial root-and-branch reforms have taken place,” Gulliver told the Commons public accounts committee in February.
But an audio recording of a confidential meeting held in the last three months, heard by the Guardian, reveals that Lee Hale set out a much more complex picture of the bank’s progress in bringing its procedures into line with what authorities expect.
A senior HSBC executive has privately admitted that the bank is “cast-iron certain” to have another major regulatory breach in the future, and is struggling on multiple fronts to clean up (cover up?) its worldwide operations.
In a statement, HSBC said it did not recognise the comments in the recording, which it said had been taken out of context.
a voice-recognition problem?
The bank said it was unable to provide specific examples of inaccuracies by the time of publication.
Trust us!
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