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Hsbc Settlement

Taibbi: U.S. Should Be Ashamed It Treats Pot Smokers Worse Than Wall St. Criminals

The Huffington Post | Alexander C. Kaufman | Posted 09.22.2014 | Business

A Wall Street bank accused of laundering money for drug cartels only had to pay a fine. Meanwhile, a man caught with a joint in his pocket had to spen...

Matt Sledge

Big Bank Gets Small Fine For Terrorist Transactions

HuffingtonPost.com | Matt Sledge | Posted 01.23.2014 | Politics

A major U.S. bank has agreed to a settlement for transferring funds on the behalf of financiers for the militant group Hezbollah, the Treasury Departm...

When Worlds Collude: Right-wing Whistleblower Courts Left-Leaning Occupy Banking Group

Jerry Ashton | Posted 08.19.2013 | New York
Jerry Ashton

Can this new mutuality of efforts comprise a new path which might be taken by people on the left and the right of the spectrum? That rare "common ground?"

When Good Things Happen to Bad People

Jerry Ashton | Posted 05.08.2013 | New York
Jerry Ashton

As our government of the richest and mightiest country in the world is incapable of effecting retribution, we can only implore the divinity: please see to it that really bad things happen to these really bad people.

CEO Reveals Why His Bank Was 'Very Attractive' To Criminals

Reuters | Posted 04.08.2013 | Business

* Structure was "not fit for purpose" in modern world -CEO * Says structural change was biggest in HSBC's history ...

A Christmas Carol for Bankers

Brandon L. Garrett | Posted 02.23.2013 | Business
Brandon L. Garrett

With the help of three ghosts, Scrooge finally reached redemption by learning to give to others. As events of the past two weeks have shown, modern bankers have their own ghosts to face: federal prosecutors.

4 Insane Ideas Behind Obama's and Cameron's Decision That HSBC's Officers Should Be Immune From Prosecution

William K. Black | Posted 02.18.2013 | Business
William K. Black

HSBC marks the triumph of crony capitalism in the U.S. and the U.K. Fraudulent SDIs have no permanent alliances or ideology -- only permanent interests in being above the law and free of "free" market competition.

Did Obama and Cameron Require HSBC to Aid the Prosecution of Tax Frauds?

William K. Black | Posted 02.17.2013 | Business
William K. Black

As part of the HSBC settlement, did Obama and Cameron's officials require HSBC to blow the whistle on tax frauds? Did they require HSBC to provide them with a full intelligence briefing on how the networks of tax evasion and tax havens function?

Too Big to Jail: We Should Take Our Own Advice

Brad Miller | Posted 02.15.2013 | Politics
Brad Miller

Last week the Dept. of Justice decided against indicting British bank HSBC, despite clear evidence of crimes, including laundering billions of dollars for repugnant governments, including state sponsors of terrorism. Instead, the DOJ settled for about five weeks of HSBC's profits.

Why Did Obama and Cameron Save a Criminal Enterprise Like HSBC?

William K. Black | Posted 02.12.2013 | Business
William K. Black

There is no indication that the regulators, prosecutors or government leaders considered doing the right thing at HSBC. That is how destructive making implicit assumptions and adopting the pro-crony framing of issues is in the real world.

HSBC's $2 Billion Fine 'Trivial'

Reuters | Carrick Mollenkamp and Brett Wolf | Posted 12.17.2012 | Business

(Reuters) - HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe's biggest bank of ...

Report: HSBC To Pay Record Fine To Resolve Money Laundering Allegations

Mark Gongloff | Posted 12.10.2012 | Business

This may be the world's largest wrist slap. British banking giant HSBC, Europe's biggest bank, is set to pay $1.9 billion to settle accusations tha...