HSBC Exec Quits As Bank's Money Laundering Woes Pile Up

By Ian Thoms (July 17, 2012, 7:24 PM EDT) -- The chief compliance officer of HSBC Holdings PLC told a U.S. Senate committee Tuesday that he would resign over his bank's failure to prevent money laundering, but the gesture likely will do little to take the heat off his bank or the rest of the reeling financial industry, experts say....

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