The former CEO of HSBC, Stephen Green, is due to give evidence at the House of Lords next week over the culture of banking. He will be questioned by Labour peer Lord West about whether he was aware that HSBC had been involved in a money-laundering scheme involving Russian oligarchs. It will be the first time Green has appeared since leaving the government as trade minister in 2013 and since the Guardian and other publications revealed the strategies that HSBC’s Swiss arm used to help customers evade tax. He will also be asked whether he thinks global banks are too large to manage and if the policy of US prosecutors issuing multi-million pounds finds against companies, rather than individuals, is the correct approach to improve the culture and ethics of banks.
The former CEO of HSBC, Stephen Green, is due to give evidence at the House of Lords next week over the culture of banking. He will be questioned by Labour peer Lord West about whether he was aware that HSBC had been involved in a money-laundering scheme involving Russian oligarchs. He will also be asked whether he thinks global banks are too large to manage and if the policy of US prosecutors issuing multi-million pounds finds against companies, rather than individuals, is the correct approach to improve the culture and ethics of banks.