Noel Quinn, CEO of British banking giant HSBC, has been accused of pressuring bank staff to hand £40 million ($49 million) to his friend’s real estate...
Noel Quinn, CEO of British banking giant HSBC, has been accused of pressuring bank staff to hand £40 million to his friend’s real estate company where his daughter worked, court filings allege.
Lawyers... Noel Quinn, CEO of British banking giant HSBC, has been accused of pressuring bank staff to hand £40 million to his friend’s real estate company where his daughter worked, court filings allege. Lawyers for the Ryans say that they were “long standing friends” of Quinn and are seeking damages alleging that the bank chief encouraged the couple to accept the loan. They also accused the bank of using the loan to effectively take control of the company and push it into insolvency.HSBC’s lawyers deny all of the allegations, branding the accusations “selective, inaccurate and incomplete.” HSBC declined to comment.
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