On 5 November 2012 the BBC reported that HSBC (under Lord Green's stewardship) has been fined £500 million by the US authorities for money laundering. There are further investigations in Mexico and Switzerland. Then on the 9 November 2012 the BBC reported that the names of 4000 HSBC customers had been released to HMRC and the press. It is reported that some of these offshore bank accounts in Jersey belonged to serious criminals.
How can anyone trust HSBC or its leaders? Why does it still have any customers? And, why does Lord Green still have a job in the Government? This all happened on his watch and so he should do the decent thing. Sorry, but does no one else think that it is wrong that Lord Green has a job that us tax payers pay for in the light of this evidence? I mean a £500m fine for a banker is small change but it is significant to the rest of humanity. And then these Jersey accounts as well as other investigations?
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