HSBC boss 'sorry' for bank mistakes

HSBC boss Stuart Gulliver apologised for “the mistakes of the past” today as the banking giant set aside a further $1.5bn to cover the cost of mis-selling claims and a money-laundering scandal in the US.

HSBC boss 'sorry' for bank mistakes
Mon, 30 Jul, 2012 - 11:19

HSBC boss Stuart Gulliver apologised for “the mistakes of the past” today as the banking giant set aside a further $1.5bn to cover the cost of mis-selling claims and a money-laundering scandal in the US.

The bank said it increased its provision to cover mis-sold payment protection insurance (PPI) by $537m in the three months to June, bringing the total charge to date to $1.7bn.

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