HSBC must do more to clean up operations, says report

1,000 page document for US authorities says bank ‘too slow’ in improving internal cultural problems, despite changes to senior managementHSBC needs to do more to clean up the way it does business and overhaul the culture that exists in some of its operations, according to a report for the US authorities.A monitor installed by the US Department of Justice found that deep-rooted cultural problems inside Britain’s largest bank continue to exist despite the efforts of the new management, led b