HSBC Needs CEO Who Will Clean Up and Break Up the Bank
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July 23 (Bloomberg) -- Bankers have made some dramaticmoves in recent years, but even the most cynical observers werestunned last week when David Bagley, HSBC Holdings Plc’s topcompliance officer, resigned during a U.S. Senate hearing.
“As I have thought about the structural transformation ofthe bank’s compliance function,” he told the senators, “Irecommended to the group that now is the appropriate time, forme and for the bank, for someone new to serve as the head ofgroup compliance.”