hese mistakes” and “give our absolute commitment to fixing what went wrong.”David Bagley, head of HSBC s compliance office at its London headquarters, in remarks to a hearing by the Senate subcommittee on Tuesday said that HSBC has fallen short of our own expectations and the expectations of our regulators. Mr. Bagley said he was stepping down in the wake of the investigation, but would continue with the bank in another position.Any fall out on the Indian unit remains to be seen.Follow India Real Time on Twitter @indiarealtime. Add a Comment Error message Name We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name. Comment Comments (2 of 2) View all Comments 10:12 am July 19, 2012 Ramesh wrote: Here we go again, http://www.tomsoutletsalecheap.com - cheap toms !Did India facilitate in the money launderers, or was it some people working in the Indian unit ?One in a long list of articles, (remember India overachieves in prickliness over time article ), where you willfully ignore the difference between some people in India doing or saying something and the whole country somehow doing or saying the same thing.Let me give you a few hints on how the use the two forms1. India is an old civilization2. India is a democracy3, http://www.tomsoutletsalecheap.com - toms shoes sale . India is a tough place to do business4. India is very hot place in summerAll of the above make senseThe below do not make sense1. India overachieves in Prickliness over Time cover (why not be balanced and say India overachieves in Prickliness over US cover ???)2. India helped HSBC launder money (HSBC is probably unknown to about three quarters of the Indian population!)3. India asks Reliance, BP to provide accounts (today s story). (should be India s oil ministry, or commerce ministry or whatever).Please dont confuse what is said or done by a few people as done by a country. You cant use the general term India as doing/saying something unless it is representative of the country in some way.Come on, http://www.tomsoutletsalecheap.com - tomsoutletsalecheap.com , wake up! this is getting old.Ramesh 8:40 am July 19, 2012 i heard banks have closed in the wrote: I heard banks have closed in the US that are HSBC, Is this true? India Real Time offers quick analysis and insights into the broad range of developments in business, markets, the economy, politics, culture, sports, and entertainment that take place every single day in the world’s largest democracy. Regular posts from Wall Street Journal and Dow Jones Newswires reporters around the country provide a unique take on the main stories in the news, shed light on what else mattered and why, and give global readers a snapshot of what Indians have been talking about all week. You can contact the editors at indiarealtime@wsj.com.Check out the main contributors to the blog and their bios here. An error has occured and your email has not been sent. Please try again. You must enter the verification code below to send. Invalid entry: Please type the verification code again.[标签:标题]
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