Read the case, identify ethical issues and answer the questions: Staring out with one small bank HSBC grew into one of the world's most successful and largest banks. The bank was first opened in Hong Kong in March of 1865 with the help of a man named Thomas Sutherland. The bank now consists of four global businesses that include, retail banking and wealth management, commercial banking, Global banking and markets, and Global Private banking. These four global businesses serve 89 million people throughout 85 different countries and 6 different regions. HSBC's headquarters are located in London. In 2012 HSBC was accused of money laundering through Mexican drug cartel and other with possible links to terrorist groups. Money laundering is the process of covering up the proceeds of a crime so it cannot be linked to the wrongdoing. It was found that HSBC has been transferring $7 billion in banknotes from its Mexican to its U.S subsidiaries. Much of this $7 billion was drug related. Their failures also went as far as dealing with bank Al Rajhi in Saudi Arabia that was linked to the financing of terrorist groups. The bank failed to monitor $58 trillion of money moving across borders and through their branches. HSBC now faces 1.9 billion dollars in fines and penalties that they have agreed to pay to avoid more serious consequences. The bank will be on probation for the next 5 years and need to make sure that they do not allow anything like this to happen again. If they fail to follow these conditions then the case can be reopened and criminal indictment can be charged. QUESTIONS: 1. Who are stakeholders and how they are affected in this case? (10 points) 2. Analyze the case based on the following ethical theories: utilitarianism, duty, rights, and virtue ethics. (10 points) 3. Which are the ethical issues in this case? (10 points) 4. Which are the corporate governance issues? (10 points) 5. Are the companys actions consistent with the Code of Ethical Conduct of HCBS Company? (10 points)