You trust your bank with your money. And your information. How do you respond when the bank starts giving one of them away?
“U.S. Probes Allegations Of Leaks At HSBC,” Wall Street Journal, November 26, 2014 C1. Allegations that employees at the bank leaked confidential client information to a hedge fund.
How would the bank’s other clients respond? How important is this to the company whose information was leaked? What about market integrity? How does the bank restore its reputation?
Thankfully, the bank found the leak and self-reported it to authorities. During the course of another criminal investigation. Oops.