In the wake of a US Senate report into the activities of HSBC, the waters have been rising around Trade Minister — and former HSBC chief executive — Lord Green. The sub-committee found that the bank had provided drug cartels with a money laundering conduit.
“Underlying all these events is a question about the culture and ethics of the industry. It is as if, too often, people had given up asking whether something was the right thing to do, and focused only on whether it was legal and complied with the rules.”
Clearly when he was in charge of HSBC they may have even given up on the “legal and complied with the rules” bit.