The embattled chairman of the House’s tax-writing committee told ethics investigators he was unaware of HSBC, one of the largest banking and financial services organizations in the world.

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HSBC is not clear of financial problems. HSBC reported earnings for last year that fell short of expectations and said Monday that it had set aside more money for bad loans, sending its shares falling.

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HSBC has given in to shareholder pressure and decided not to sharply raise its chief executive’s base salary, according to reports.

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Pressure will mount on HSBC, which will decide its executives’ pay before its results next Monday.

Under the current plan, Michael Geoghegan, HSBC’s chief executive who moved to Hong Kong this month, could receive more than £4 million as a bonus and a long-term incentive plan worth £7 million.

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I have a new admiration for Stephen Green of HSBC. Stephen Green, chairman of HSBC makes a good argument in his new book about banking: Good Value: Reflections on Money, Morality and an Uncertain World. Green is also an ordained priest in the Church of England. In his book, he proposes a “new capitalism” that brings good business and good ethics together. He says moral and spiritual values should take precedence over immediate profit.

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