The US said “dangerous practices” at HSBC allowed the bank to pass money to “drug kingpins and rogue nations”, as it fined it 1.9 billion dollars. HSBC agreed the fine, the largest of its kind, earlier on Tuesday. Read full article
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fair enough, But when is it the turn of the us banks?Dec 12th, 2012 - 09:35 pm - Link - Report abuse 0
If you think we are jumping only on foreign banks, google the ass whipping my government levied on Bank of America. That 1.9 billion pales in comparison to BoA's fines.Dec 12th, 2012 - 09:50 pm - Link - Report abuse 0
And NONE go to jail. Oh how wonderful. As Gerald Celente says, forget about JUSTICE, it's JUST US who don't belong to the club.Dec 12th, 2012 - 11:27 pm - Link - Report abuse 0
US banks don't ever do anything wrong. It's like US companies like Haliburton are never culpable for their oil well covers that fail (gulf of mexico, east timor, etc). Only 'british' companies like BP, HSBC do things wrong... and get fined accordingly.Dec 12th, 2012 - 11:40 pm - Link - Report abuse 0
Gosh, how could you suggest that.
#4 seems you don't read the news in the USA to make that statement. Are you stupid or just a moron?Dec 13th, 2012 - 12:08 am - Link - Report abuse 0
regardless of our country allegiances, i think i can safely say its none of us here who make these outrageous decisons at such astronomical levels, we will just pay for them down the line one way or another, its just business!Dec 13th, 2012 - 12:26 am - Link - Report abuse 0
it's what happens when too much deregulation hits.Dec 13th, 2012 - 12:49 am - Link - Report abuse 0
”HSBC allowed the bank to pass money to “drug kingpins and rogue nations”Dec 13th, 2012 - 04:03 am - Link - Report abuse 0
British Gangnam style.
Of course, Marcos, that could NEVER happen in Argentina! could it?Dec 13th, 2012 - 09:54 am - Link - Report abuse 0
That happens in argentina in the normal course of politics let alone daily banking.Dec 13th, 2012 - 11:34 am - Link - Report abuse 0
Wachovia bank laundered billions of $ for the Mexican cartels. Its board would not listen to its MLRO when he uncouvered this. He became a whistleblower to the DoJ and was sacked by Wachovia. They were later fined US$110 million which was peanuts compared to what they'd laundered. They should have been shut down. Traffickers can't operate without the banks laundering their money, there needs to be big prosecutions or banks have their licenses withdrawn to make an example of them.Dec 13th, 2012 - 01:42 pm - Link - Report abuse 0
I hardly think that putting 25,000 employees out of work at Wachovia is the right course of action. Prosecuting the BoD with jailtime sends the message loudly. And it wa actually 160 million, still peanuts. I have always been an advocate of BoD's, CEO and such doing jailtime for corporate crimes. But putting the bank tellers makeaing $12 an hour out of work does not fix the problem.Dec 13th, 2012 - 03:15 pm - Link - Report abuse 0
”HSBC allowed the bank to pass money to “drug kingpins and rogue nations”Dec 13th, 2012 - 05:09 pm - Link - Report abuse 0
British Gangnam style.
Indeed, like jumping monkies sniffing their own drugs.
Difference is they will pay it and be done with it, crack on and things will go back to normal, when will rgenweener pay her debts?Dec 13th, 2012 - 05:30 pm - Link - Report abuse 0
(3) Fido DidoDec 13th, 2012 - 07:02 pm - Link - Report abuse 0
I usually do not agree with your Apocalyptical Economic Theories but I totally agree with your post No. (3).....:
And NONE go to jail......
Forget about JUSTICE, it's JUST FOR US who don't belong to the club....
Banks are like condoms.....
They protect a lot of pricks.....
And give you a sense of security......
While you actualy are being screwed.......