US defends $1.9B deal with British banking giant
By By LARRY NEUMEISTER and CHRISTINA REXRODE |
Associated Press – 40 mins ago
NEW YORK (AP) — American authorities on Tuesday cited "astonishing" dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money around the world.
HSBC agreed to pay $1.9 billion, the largest penalty ever imposed on a bank.
The U.S. stopped short of charging executives, citing the bank's immediate, full cooperation and the damage that an assault on the company might cause on economies and people, including thousands who would lose jobs if the bank collapsed.
Tuesday, December 11, 2012
BANKSTER JUSTICE
Fines but absolutely no jail time. In other words, TOO BIG FOR JAIL.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
If a US citizen is as "disfunctional" in relations with designated terrorists, he or she goes to the clink. McCain types excepted, as in that Iranian expatriate terror group aid.
http://www.juancole.com/2012/12/why-hsbc-money-laundering-is-mostly-about-us-bullying-foreign-policy.html
As usual, it's the Washington/Tel Aviv axis explanation.
Post a Comment