HSBC Executives Face Grilling Amid Money Laundering Allegations
Senator Carl Levin, a Democrat from Michigan, left, and Senator Tom Coburn, a Republican from Oklahoma, right, listen as Irene Dorner, president and chief executive officer of HSBC North America Holdings Inc., testifies at a hearing of the U.S. Senate Homeland Security and Governmental Affairs Committee's Permanent Subcommittee on Investigations in Washington, D.C., U.S., on Tuesday, July 17, 2012. HSBC Holdings Plc’s head of group compliance, David Bagley, told the Senate panel he will step down amid charges the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering. Photographer: Joshua Roberts/Bloomberg via Getty Images *** Carl Levin; Irene Dorner; Tom Coburn
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17 July, 2012
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HSBC REPORT
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