HSBC: Helping People Who Want to Kill You Since 1991HSBC compliance chief David Bagley testifies amid a government investigation revealing his bank laundered billions of dollars for Mexican cartels and Al Qaeda moneymen. (03:12)
(Reuters) - A federal judge has approved HSBC Holdings Plc's (HSBA.L)(HBC.N) record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under U.S. sanctions.
While noting "heavy public criticism" of the settlement, which enabled HSBC to escape criminal prosecution, U.S. District Judge John Gleeson in Brooklyn, New York, called the decision to approve the accord "easy, for it accomplishes a great deal."
While noting "heavy public criticism" of the settlement, which enabled HSBC to escape criminal prosecution, U.S. District Judge John Gleeson in Brooklyn, New York, called the decision to approve the accord "easy, for it accomplishes a great deal."
HSBC Laundering Charges - Matt Taibbi: "Secrets and Lies of the Bailout" author Matt Taibbi talks about HSBC, his famous Goldman Sachs dig and the problem with super wealthy banks. (04:16)
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