Britain’s biggest bank says it has hired more staff and spent additional on compliance as share of deferred prosecution agreement HSBC has been hiring more staff to fight financial crime in an attempt to overcome a series of scandals which have plagued it in recent years.
Britain’s biggest bank said its spending on “regulatory programmes and compliance” rose 12% to $800m (£620m) in the first three months of 2017 as it announced a 19% fall in first-quarter profits to £3.8bn. Related: Theresa May promised to tackle greedy bosses – instead she’s helping them | Polly Toynbee Continue reading...
Source: theguardian.com