HSBC Executives Face Grilling Amid Money Laundering Allegations
Michael Gallagher, former executive vice president and head of PCM North America for HSBC Bank USA, testifies at a hearing of the U.S. Senate Homeland Security and Governmental Affairs Committee's Permanent Subcommittee on Investigations in Washington, D.C., U.S., on Tuesday, July 17, 2012. HSBC Holdings PlcÖs head of group compliance, David Bagley, told the Senate panel he will step down amid charges the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering. Photographer: Joshua Roberts/Bloomberg via Getty Images
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