Two of the largest banks in the world, which reap massive explicit and implicit subsidies from the government, were criminal enterprises for at least a decade. Each engaged in violations that were vastly larger than Liberty Reserve.

The proposal, strongly supported by Treasury, will not work to prevent the biggest source of tax evasion -- multinational corporations use of transfer pricing to shift of profits to low or no tax countries -- and Treasury knows it and, indeed, has opposed OECD efforts to close that loophole.

Bitcoin seeks to be an electronic cash (currency) system that doesn't rely on trust. Paradoxically, Bitcoin requires a trust-based ecosystem.

NEW YORK -- Las Vegas Sands Corp., the global gambling empire headed by Republican benefactor Sheldon Adelson, recently acknowledged to American regul...

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

* Drug cartels used complex scheme to launder money * Smuggled dollars to Mexico, put them in HSBC accounts ...

Thinking of robbing a bank? Bad idea. You're more likely to get away with a crime working from the inside. That's Matt Taibbi's take anyway. In...

One of the great things about being too big to fail is that you're also too big to jail, apparently. So saith the Obama administration, via the New...

By Carrick Mollenkamp and Brett Wolf NEW YORK/WASHINGTON, Dec 5 (Reuters) - HSBC Holdings Plc might pay a fine of $1.8 ...

LONDON -- Britain's revenue and customs service is examining allegations that criminals may have used offshore accounts with HSBC, Europe's biggest ba...

* Adds $800 mln to provision for lax anti-money laundering controls * Fine could be "significantly higher", likely to involve crimina...

NEW YORK -- Federal officials and Las Vegas Sands Corp. are having talks aimed at settling a probe into whether the casino operator failed to report m...