HSBC has revealed it faces a hefty fine - estimated at $1bn by analysts - from US regulators for failing to have the right anti money laundering controls in place from 2004 until 2010.
Stuart Gulliver, chief executive, wrote a memo to staff saying he could not reassure regulators the bank did not facilitate the financing of terrorism and other criminal activities, the FT reported. ...
Announced plans to merge last October
Sterling fell 0.25% to $1.281
In June 2016, immediately before the Brexit referendum, a curious thing happened.
AUM has grown to $2bn in a year
Unclear on job moves