HSBC was surely hoping for a better start to its 150th birthday year than its chief executive Stuart Gulliver calling its behaviour a “source of shame”.
The confession was particularly striking as the shame, the tax evasion scandal at HSBC’s Swiss private bank, happened largely under the leadership of Stephen Green, now Lord Green, an ordained Church of England priest and author of a book called Good Value: Reflections on Money, Morality and an Uncertain World.
HSBC is not the only company that has tried to project a responsible image, only to be upended by the bad behaviour of some of its staff.
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