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| CEO Stuart Gulliver wanted to get HSBC out from under the DPA before he left |
Monday’s news that the US Department of Justice will file a motion with the District Court for the Eastern District of New York seeking the dismissal of the prosecution charges deferred by an agreement struck with HSBC in December 2012 will be cause for celebration in Canary Wharf.
For five years the threat of new misdemeanours emerging that might trigger the most severe penalties has hung over the British bank.
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