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HSBC: Janet Henry, the bank’s world wide chief economist, and her workforce are certainly not forecasting a U.S. recession, “but our forecasts undoubtedly paint a picture of a downswing that's just as uneven as being the recovery that preceded it.”
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Regulators explained this was not the very first occasion of popular dishonest on ethics exams by EY personnel. The S.E.C. mentioned a relatively identical cheating scandal, which the firm managed internally, took place from 2012 to 2015.
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Some employees advised investigators they experienced cheated as a result of “do the job commitments or an inability to pass education exams just after several makes an attempt,” based on the S.E.C.’s civil buy.
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