HSBC bosses on Thursday apologised for "unacceptable" failings at the banking giant's Swiss division when they were grilled by British MPs over allegations it had helped rich clients dodge taxes.
Chief Executive Stuart Gulliver and Chairman Douglas Flint issued the new apology in an appearance before parliament's influential Treasury Select Committee.
"I'd like to put on the record an apology from both myself and from Douglas for the unacceptable events that took place," Gulliver told the committee. "It clearly was unacceptable," he said.