Self-criticism session for top HSBC bankers

HSBC's head honchos, chairman Douglas Flint and chief executive Stuart Gulliver, submitted themselves to humiliating self-criticism recently in Britain's parliament.

The two were summoned to the parliamentary commission on banking standards. HSBC's structure "was not fit for purpose for a modern world", Gulliver told the commission. "To be honest, our geographic footprint became very attractive to transnational criminal organisations, whether they are terrorist in origin or criminal in origin," he added.

via Business feed http://www.scmp.com/business/article/1146335/self-criticism-session-top-hsbc-bankers