criminal charges

Grassley: HSBC Should Face Criminal Charges

“By allowing these individuals to walk away without any real punishment, the department is declaring that crime actually does pay. Functionally, HSBC has quite literally purchased a get-out-of-jail-free card for its employees for the price of $1.92 billion dollars.”

HSBC To Pay Record Fine In Money Laundering Case

State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.