Midweek Roundup: HSBC to Hire Former OFAC Director, Deloitte CEO Criticizes Standard Chartered Order, and More

HSBC Plc is hiring a well-known figure in the compliance industry to bolster its team in the wake of a scathing U.S. Senate report, The Wall Street Journal reported. Robert Werner, who previously headed both the Office of Foreign Assets Control and the Financial Crimes Enforcement Network, will serve as the head of global standards assurance at the bank, the newspaper reported, citing anonymous sources. Werner will be tasked with overseeing a new global sanctions list and will lead a new internal investigations unit. More Deloitte's Chief Executive Officer Joe Echevarria defended his firm against allegations by New York state...