Lord Green has written to Chris Leslie, Labour’s shadow treasury minister, to give his first response to allegations that HSBC allowed Mexican drug gangs to use the bank to launder their money while he was chairman.
Borrowing a phrase from George Osborne, Labour insisted Lord Green had “questions to answer” over what and when he knew about the allegations. Lord Green is in no mood to answer those questions however. In his letter, he says:
Thank you for your letter of 21 July, regarding the recent Senate Subcommittee investigation into HSBC.