London-based banking giant HSBC Holdings announced last week that it plans to hire thousands of additional compliance officers as the bank continues to battle a host of legal troubles.

Susan Wright, HSBC’s head of financial crime external relations, compared HSBC’s recruitment drive to that of JP Morgan, which recently announced plans to assign 3,000 employees to its “control staff” to work on legal and regulatory matters.

Learn More
Already a member? Sign in to an existing account.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...