DOUGLAS Flint, the Scots-born chairman of HSBC, said the bank's current management team is "untarnished" by money laundering failures that have led it to make a $700 million (£455m) provision, but signalled that chief executive Stuart Gulliver could see his bonus cut.
The bank boosted its position in Scotland with a 25% year-on-year rise in business lending balances and a 20.9% increase in mortgage lending in the six months to June 30.
But the group posted a 3% fall in underlying profit to $10.6 billion for the period after it also took an additional $1.1bn charge for payment protection insurance mis-selling compensation and $240m to cover claims small businesses were mis-sold interest rate swaps.
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