Peter Oborne, formerly a columnist for the Daily Telegraph, claims that while he worked at the Telegraph the London newspaper killed and ignored stories that could do damage to megabank HSBC’s reputation and business. Oborne made the allegations in a piece announcing his resignation from the Telegraph which was posted on Open Democracy, a digital [...]
|By: DSWright Wednesday February 18, 2015 11:00 am|
|By: DSWright Tuesday February 10, 2015 11:00 am|
Again, did AG nominee Loretta Lynch let HSBC off the hook by declining criminal prosecution? http://t.co/hcGPAy2fxM pic.twitter.com/aA2o4Dpc2O — marcus baram (@mbaram) February 8, 2015 US Attorney General nominee Loretta Lynch is facing criticism for the deal she made that let HSBC escape prosecution after being found to have participated in a serious and far reaching program [...]
|By: Kevin Gosztola Monday February 9, 2015 1:00 pm|
Files from a whistleblower, which a major French newspaper obtained, show HSBC’s Swiss private bank offered services to clients, who the United Nations, court documents and media had singled out as having connections to arms trafficking, bribery and blood diamonds.
|By: DSWright Tuesday November 4, 2014 1:30 pm|
JP Morgan, Citigroup, HSBC setting aside millions for legal fees for ongoing investigations.
|By: DSWright Friday March 29, 2013 3:32 pm|
The bitcon market has officially crossed the billion dollar mark. It was a mere two years ago that bitcoins were introduced as an alternative currency to those controlled by States. Bitcoins are decentralized and digital using peer to peer technology – a truly free market.
|By: DSWright Thursday March 14, 2013 5:56 am|
As the Obama Administration continues to expand the policies of the Bush Administration the newest theater of the War on Terror is your checking account.
|By: DSWright Friday March 8, 2013 10:45 am|
In a nation that has imprisoned millions (mostly poor, mostly minorities) of people for minor drug offenses a bank that laundered billions of dollars in drug money, HSBC, has walked away with a small fine. No jail time, no charter removal, just a few weeks profit and on the game goes.
Senator Elizabeth Warren is irritated by this clear double standard for the rich and decided to let the regulators know of her displeasure in a Senate hearing.
|By: DSWright Monday February 4, 2013 7:38 am|
After a global financial crisis, an epic price fixing scandal, and embarrassing criminal conduct British regulators are considering ending Too Big To Fail Banking. British Finance Minister George Osborne has proposed legislation that if banks do not shield their riskier investment activities from day to day banking they will face restructuring.
|By: DSWright Wednesday December 26, 2012 12:40 pm|
Admitted Drug Money Launders HSBC are going back to court. This time the firm will not be apologizing for helping Mexican Drug Cartels or 9/11 Hijackers evade the law but for predatory lending targeted at minorities.
|By: David Dayen Monday December 17, 2012 9:05 am|
Where is Patrick Leahy on this? He has made no public statement on the HSBC case, despite being the co-author of the Fraud Enforcement and Recovery Act, which was supposed to deliver funds toward prosecuting fraudulent big bank activity (it never actually did). Grassley, a co-author, has spoken out. Why not Leahy?