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| GCC Press Agencies |
| Day's main stories from the GCC Press Agencies |
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| Bahrain | Kuwait | Oman | Qatar | Saudi Arabia | United Arab Emirates |
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| HSBC money laundering scandal claims bank executive | |
| Date : July 18, 2012 |
Washington, Sha'ban 27, 1433, July 17, 2012, SPA -- The head of compliance at HSBC resigned Tuesday after apologizing to US lawmakers investigating money laundering at the British bank, dpa reported.
David Bagley told a Senate panel in Washington that he would resign, in his testimony to a hearing outlining a report that said lax rules at HSBC allowed Europe's largest bank to serve Mexican drug cartels as a conduit for money laundering, helped firms skirt sanctions on Iran and opened the US financial system to entities linked to terrorism.
"As I have thought about the structural transformation of the bank’s compliance function, I recommended to the group that now is the appropriate time, for me and for the bank, for someone new to serve as the head of group compliance," Bagley said.
Bagley, who has served in the position since 2002, apologized for significant failures at the bank.
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| Tornado Seen Near Airport in Colorado |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Washington, Sha'ban 10, 1434, Jun 19, 2013, SPA -- Denver International Airport passengers were told Tuesday |
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| 6th International Honey Festival Launched In Baha |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Baha, Sha'ban 10, 1434, Jun 19, 2013, SPA -- The Undersecretary of Governorate of Baha region, |
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| Natural-Gas Pipeline Explodes in Louisiana, Area Evacuated |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Washington, Sha'ban 10, 1434, Jun 19, 2013, SPA -- A major natural-gas pipeline exploded Tuesday in |
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| Unified Arab Index Center Opens Oman's Knowledge Portal |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Riyadh, Sha'ban 10, 1434, Jun 19, 2013, SPA --The Center of Unified Arab Index opened here |
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| Obama arrives in Berlin to angst over US spy programmes |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Berlin, Sha'ban 9, 1434, Jun 18, 2013, SPA -- US President Barack Obama arrived in Berlin |
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| Palestinian President Meets Dutch FM |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Ramallah, Sha'ban 9, 1434, Jun 18, 2013, SPA -- Palestinian President Mahmud Abbas, met here today |
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| Pakistan welcomes Taliban's office opening in Qatar |
| Source : Saudi News Agnecy |
| Date : June 19, 2013 |
| Islamabad, Sha'ban 9, 1434, June 18, 2013, SPA -- Pakistan today welcomed the opening of a |
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