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More than two years after agreeing to pay a massive sum to settle charges oflaundering billions of dollars for drug gangs and terrorists, HSBC still has not properly reformed its internal controls, the settlement monitor reported. The bank also plans to remove a key U.S. executive after he tried to interfere with internal auditors.
April 1 -
The last Australian bank providing remittances to Somalia stopped this week, mirroring similar pullouts by U.S. banks that have endangered a crucial source of financial support for the African country.
April 2 -
The $5 billion-asset company said in a press release Tuesday that Gail Ball recently served as head of the payment studies group at the Federal Reserve Bank of Richmond.
April 1
Grayson Hall, chief executive at Regions Financial in Birmingham, Ala., will serve as the private sector chairman for the Southeast U.S.-Japan Association's joint forum.
Hall will co-chair with Atsutoshi Nishida, Toshiba's chairman, Alabama Department of Commerce said in a press release Friday. Alabama Gov. Robert Bentley appointed Hall for the post.
The meeting will take place in mid-November in Birmingham. This year's conference, held annually while alternating between the United States and Japan, will focus on sustainability and innovation.
"We accomplish great things when we work together to create economic prosperity for all," Hall said in the release. "This conference provides a unique opportunity for leaders in the Southeast and Japan to build productive business relationships that foster innovation and create sustainable economic activity, and I am honored to be involved."
Hall will host special events with notable guests, while also serving as master of ceremonies alongside Nishida. He will also travel to Japan in 2016 to help co-chair the next conference.
The $119 billion-asset Regions has 1,650 branches in 16 states.
