2
Aug
HSBC is reportedly considering whether it can claw back millions of pounds of bonuses in deferred compensation from former senior managers, including ex-CEO Michael Geoghegan and non-executive director Sandy Flockhart, who was head of HSBC’s Mexican arm from 2002 to 2007. The UK bank has already taken a US$700 million hit as a result of its failure to implement robust anti-money laundering controls at its Mexican and other subsidiaries.