Banking Giant HSBC To Pay Record $1.9 Billion in Money-Laundering Case - U.S. News

Banking giant HSBC to pay record $1.9 billion in money-laundering case - U.S.
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3/15/15 4:16 PM
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Banking giant HSBC to pay record $1.9 billion

in money-laundering case
Tuesday Dec 11, 2012 1:38 AM
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BILLION IN MONEY-LAUNDERING CASE - U.S.
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Page 1 of 17
Banking giant HSBC to pay record $1.9 billion in money-laundering case - U.S. News
3/15/15 4:16 PM
The investigation HSBC -- Europe's largest bank by market value -- has focused
on the transfer of funds through the U.S. financial system from Mexican drug
cartels and on behalf of nations like Iran that are under international sanctions.
By NBC News staff and wire services
British banking giant HSBC has agreed to pay more than $1.9 billion to U.S.
authorities -- the largest penalty ever paid by a bank -- after failing to abide by
anti-money laundering and sanctions laws, it said on Tuesday.
The investigation of the bank -- Europe's largest by market value -- has focused
on the transfer of funds through the U.S. financial system from Mexican drug
cartels and on behalf of nations like Iran that are under international sanctions.
The bank said in a statement
(http://www.hsbc.com/1/2/newsroom/news/2012/hsbc-announces-settlementswith-authorities) that it had also clawed back bonuses from a number of senior
staff, spent more than $290 million on remedial measures and taken steps to
limit business in countries that pose a high financial crime risk.
The statement added that the bank was also expected to finalize an agreement
with the U.K. Financial Services Authority shortly.
Stuart Gulliver, chief executive of HSBC Group, said in the statement that the
bank was a fundamentally different organization now.
"We accept responsibility for our past mistakes. We have said we are profoundly
sorry for them, and we do so again, he said.
Related content:
HSBC's group compliance chief to quit amid scandal
(http://bottomline.msnbc.msn.com/_news/2012/07/17/12796540-hsbcs-groupcompliance-chief-to-quit-amid-scandal?lite )Banks' bad behavior may be scaring
away investors (http://bottomline.nbcnews.com/_news/2012/08/15/13301448chase-hsbc-among-7-banks-subpoenaed-over-rate-fixing?lite )
(http://bottomline.msnbc.msn.com/_news/2012/07/17/12796540-hsbcs-groupcompliance-chief-to-quit-amid-scandal?lite )Chase, HSBC among 7 banks
subpoenaed over rate fixing
(http://bottomline.nbcnews.com/_news/2012/08/15/13301448-chase-hsbc-among7-banks-subpoenaed-over-rate-fixing?lite )NYT: HSBC said to near $1.9 billion
settlement over money laundering (http://www.nbcnews.com/business/hsbcsaid-near-1-9-billion-settlement-over-money-laundering-1C7536290)
"While we welcome the clarity that these agreements bring, ensuring the highest
standards wherever we do business is an ongoing process, Gulliver added. We
are committed to protecting the integrity of the global financial system. To this
end we will continue to work closely with governments and regulators around the
world."
Page 2 of 17
3/15/15 4:16 PM
The statement, which included a string of measures taken by the bank to

address the problems, also said that an independent monitor would assess
HSBCs progress over the five-year term of the agreement with the Justice
Department.
The agreement with the Justice Department noted that HSBC Bank USA and
HSBC Group had "provided valuable assistance to law enforcement," according
to the banks statement.
U.S. and European banks have now agreed to settlements with U.S. regulators
totaling some $5 billion in recent years on charges they violated U.S. sanctions
and failed to police illicit transactions, Reuters reported.
No bank or bank executives, however,
have been indicted as prosecutors have
instead utilized deferred prosecutions, the
wire service said.
Follow @NBCNewsUS
Analyst Jim Antos, of Mizuho Securities, said the statement on Tuesday

indicates an extra $420 million for the settlement costs, calling it a "trivial" figure
in terms of the company's book value, Reuters reported.
"But in terms of real cash terms, that's a huge fine to pay," Antos added, who
rates HSBC a "buy."
U.S. justice department officials are expected to detail the settlement later
Tuesday, according to Reuters.
HSBC's settlement comes a day after rival British bank Standard Chartered
agreed to a $327 million settlement with U.S. law enforcement agencies for
sanctions violations, a pact that follows a $340 million settlement the bank
reached with the New York bank regulator in August.
Page 3 of 17
3/15/15 4:16 PM
Questions Arise About HSBC

JULY
Questions Arise
Transactions
17
About HSBC
Transactions
advertisement
CNBC's Eamon Javers reports the detail on an investigation of HSBC's lending

practices.
Medicare fraud case
Such settlements have become commonplace. In what had been the largest
settlement until this week, ING Bank NV in June agreed to pay $619 million to
settle U.S. government allegations it violated sanctions against countries
including Cuba and Iran.
Other banks that have reached settlements over sanctions violations are Credit
Suisse Group, Lloyds Banking Group, Barclays and ABN Amro Holding NV.
In the United States, J.P. Morgan Chase & Co., Wachovia Corp. and Citigroup
Inc. have been cited for anti-money laundering lapses or sanctions violations.
HSBC's failings date to 2003, when the Federal Reserve Bank of New York and
New York state regulators ordered the bank to better monitor suspicious money
flows.
In 2010, a consent order from the Comptroller of the Currency (OCC) ordered
HSBC to review suspicious transactions moving through the bank, Reuters
reported. At the time, the OCC called HSBC's compliance program "ineffective."
In 2008, the U.S. Attorney in Wheeling, West Virginia, began investigating HSBC
and how a local pain doctor allegedly used the bank to launder Medicare fraud.
Ultimately, that prosecutor's office came to believe the case was "the tip of the
iceberg" in terms of the suspicious transactions conducted through HSBC,
according to documents reviewed by Reuters and reported earlier this year.
Reuters and The Associated Press contributed to this report.
Page 4 of 17
3/15/15 4:16 PM
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VIEW 15 PREVIOUS COMMENTS
AdChoices (http://g.msn.com/AIPRIV/en-us)
chpstrkn (http://chpstrkn.newsvine.com/)
#1611,(http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giantDec
2012
Page 5 of 17
3/15/15 4:16 PM
Yes, hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174here c72516560)

we
go again. The U.S. Govt. catching the big thieves in action and in the end "deferred
prosocution".
Get caught with a joint in some states and it could cost you a couple years in a prison.
Get caught stealing a couple hundred dollars worth of goods at Wal-Mart and spend time in
jail.
Take a forced pay cut, "to help the company stay profitable", get behind on a bill or more,
the banks take your home.
The list of discprency's could go on endlessly, the point being, big money walks, politicians
get re-elected.
Wake up people and actuallly do some more research, not just the big news items, but the
little things all over as well.
Start putting things together, not blind faith in Government reports and Propaganda.
When you do see all the things as whole, it becomes a very big picture painting big
bussiness and the elite rich in a very bad way.
Yes you should be ready to run, the time is getting close, but there is nowhere to run.
If you are not prepared to fight for your very life and the future of your children, you have
already lost, and you children will as well.
2
SHARE
2 replies
TravelerinChina (http://travelerinchina2.newsvine.com/)
#16.1
(http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giantDec
11, 2012
hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174If
c72517104)
you
read history, in a 100 years, none of this is gonna matter to anyone. Our history books and
religious books are full of stories of corruption and violence and a world full of poor
people with hard lives. It's always been that way and it always will be.
There have been revolutions in the streets of almost every country and with few
exceptions, someone else just as bad or worse takes their places.
There will always be a struggle for balance and an equilibrium will never be reached.
Here's the good news. You aren't trudging around in freezing mud with dirty clothes and
trying to grow enough food to keep you alive. Yes, you are struggling, but most likely, you
struggle in a modern home, ride in an automobile, have Internet and lots of other things
the earlier 'serfs' didn't have.
Look around you. Everyone's still a SERF; they are just cleaner and better fed serfs.
Go watch Braveheart. It could be worse. Those miserable folks could be you. Think about
it...then grab a beer, kick back and watch some HD TV football.
SHARE
PlzThink (http://plzthink.newsvine.com/)
#16.2
(http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giantDec
11, 2012
hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174Now
c72517938)
I
know you work for the government. Braveheart? Boy you are reaching, aren't you. And
let's see, his last words were FREEDOM. Are you dense, or what? You consider this
freedom?
Page 6 of 17
3/15/15 4:16 PM
SHARE
mikeyknows
(http://mikeyknows.newsvine.com/)
#17 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174c72516657)
Druggies both full and partime users only care about their high. Druggies will not care when
marijuana permeates our high schools as the thing to do. Those non users who supported
the druggies on election day have stabbed the parents who are struggling to keep their
children drug free in the back. Thanks a lot for your progressive thinking.
SHARE
Asta
Dog (http://astadog.newsvine.com/)
WHY IS THIS NOT CONSIDERED AN ACT OF WAR?!! Aren't we suppose to be at war with
terrorists? Aiding and abetting terrorist nations... aren't the drug cartels considered Narcoterrorists? Did any of these banks or their subsidiaries receive bailout funds? They should be
banned from operating in the US for at least a decade. Our European allies should follow
suit.
SHARE
Paxinmano
(http://paxinmano.newsvine.com/)
"Stuart Gulliver, chief executive of HSBC Group, said in the statement that the bank was a
'fundamentally different organization' now." Really! Is that because the leadership has
changed? I think not. Here's my question: When are these senior executives in these large
financial institutions going to be held personally responsible and liable for the these
transgressions? This guy and everyone of the heads of the big banks involved in the 2008
meltdown should do jail time. Until that happens, these trangressions will proliferate.
SHARE
Its
ES-919973
(http://azdadeland.newsvine.com/)
about time these big banks start getting punished, most big banks, including the American
banks have been laundering money for the Cartels, and this is one of the core problems in
the drug war. These bankers are directly responsible for our children having easy access to
drugs in our schools and the many many deaths in Mexico and other south american
countries. They have blood in their hands and should be sent to prison.
SHARE
Page 7 of 17
3/15/15 4:16 PM
mrpitchfork
(http://georgeh1960.newsvine.com/)
#21 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174$1.9
c72516732)
billion? Big deal, they probably just printed it or created it electronically.. I wish I could do
that..
SHARE
ED-2874315
(http://ed2874315.newsvine.com/)
Again, no one goes to jail. No human person found guilty of large scale money laundering
would be free to do as they pleased after paying a fine.
This is proof that corporations are not persons. If their freedom is not restricted as a result of
their criminal action, they should not be afforded the same rights as human persons.
SHARE
Henry
Limpet (http://msg-187049.newsvine.com/)
#23 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174No
c72516899)
matter how you look at it, all the banks are aiding and abetting the enemy. They should not
be allowed to escape prosecution! HSBC may be one of the largest, but put JP Morgan,
BofA and Citi in the mix and that is a lot of money laundering. But hey, it's only business
right! Even the bad guys need to bank somewhere. What a bunch of A-HOLES!!!!!
SHARE
mikeyknows
(http://mikeyknows.newsvine.com/)
#24 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174All
c72516955)
the
rationalizations for the druggie high are coming out. If our children fall by the wayside of
drugs so be it according to the druggie manual of life on the high. All of life is secondary to
the druggie high.
SHARE
johninpa
(http://johninpa.newsvine.com/)
#25 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174Our
c72517040)
cut.
SHARE
warrren
(http://warrenhh.newsvine.com/)
#26 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case
Page 8 of 17
3/15/15 4:16 PM
c72517067)
Everything is fine when you lie, cheat and steal so long as you share the loot with the law.
No one has to go to jail.
SHARE
Mark440
(http://me-ingersoll.newsvine.com/)
Of
all
the banks out there - I despise HSBC more than I ever thought possible. In fact, they actually
make my "hate" nerve tingle!
That said - all the posts so far have the usual rants and rages....and I got ten bucks that says
not ONE of you sent correspondence to any official demanding a prison sentence for these
crooked, slimy bastards. You vented your spleen - and then went back to your daily life.
And therein is the problem - all over the US. We'll just say where we are and then get back
in our cars and disappear to Primrose Lane. Meanwhile - the slimy crooks are hitting the
cookie jar again......and again.....and again.
Believe me - it WILL NOT change until WE THE PEOPLE make it change. It is not about
taking down the government - it's about demanding that our laws be respected and treat
everyone equally - including the crooks with money.
So - Mr. Ted Cruz will be getting a note from me in just about 5 minutes. Anyone else?
SHARE
Asta
(http://astadog.newsvine.com/)
#28 Dog
(http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174The
c72517198)
War
on Drugs could end tomorrow if the cartels were not able to spend the money. Why would
they take the risks? Just a thought... how about cracking down on the realtors that sell the
multi million dollar mansions? Or the car dealerships selling luxury vehicles over $100K?
Yacht dealers? Drug companies selling chemicals in bulk to make Meth? Diamond and gold
brokers?
SHARE
AnnitaBrowne22
(http://annitabrowne22.newsvine.com/)
#29 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174If
c72517205)
you
think David`s story is inconceivable,, one week ago my sis also got paid $9513 putting in
eighteen hours a week an their house and the're roomate's mother-in-law`s neighbour did
this for 7-months and easily made more than $9513 part-time from their mac. the advice from
this web-site... Great60.com
SHARE
Page 9 of 17
3/15/15 4:16 PM
the-Chief
(http://thechief2.newsvine.com/)
HSBC was also one of the leading London banks associated with the Libor scandal. This
bank falsely inflated and deflated their rates so as to profit from trades, or to give the
impression that they were more creditworthy than they were (remember this rate is what
sets your interest rate on your card). They bilked billions off of American credit card holders
and, once they were discovered, simply pleaded no contest and turned the responsibility of
setting libor rates over to a british government agency and paid no fine in America. They
repaid NOTHING to the Americans they "defrauded". In 2012 HSBC sold most of their credit
card accounts to American Banks...looked like they could no longer steal from us so they
sold out. Makes you wonder what our banks do?
SHARE
Asta
Dog (http://astadog.newsvine.com/)
#31 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174We
c72517679)
have
a War on Drugs and a War on Terror that our European allies support. Shouldn't these bank
officials face charges of treason? How about the World Court charging them for Crimes
against humanity? These fellas should be relocated to Leavenworth or Gitmo and not
allowed to return to their penthouses and mansions. I think the Justice Dept and the
regulators need to stop patting themselves on the back when they are failing to carry out
their duties. We made that bully give back a nickel for the $10 in lunch money he extorted...
SHARE
1 reply
msjb12
(http://msjb122.newsvine.com/)
#31.1 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174c72578739)
good place for them would be GITMO thats a real nice tropic location.
SHARE
Asta
(http://astadog.newsvine.com/)
#32 Dog
(http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174Do
c72517791)
you
suppose the drug cartels and terrorists will renegotiate their laundering fees now that there
is no REAL risk involved? They should be able to knock it down to pennies on the dollar.
Hmmnm... guess that means all our banking fees will have to go up again...
SHARE
The
Wants to Know (http://thepublicwantstoknow.newsvine.com/)
#33Public
(http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174OK,
c72520471)
they
pay a fine. Now where does that money go?
Page 10 of 17
3/15/15 4:16 PM
Come on let's get the whole scoop here, that's a lot of cash and we deserve to know where
it ends up.
SHARE
deb-3232690
(http://deb3232690.newsvine.com/)
#34 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174Well,
c72523489)
guess that's fair. Bank makes huge profits with mucho bonus for executives. Bank give back
a little of their profits from wrong doing. No one goes to jail and the Bank is as strong as
ever.
I guess our Justice system is fair as ever for us all. The rest of us go to jail and get a felony
charge. Which means we're screwed for the rest of our lives.
Us slaves live on throughout our history of this world.
SHARE
1 reply
wakeupnowpeople
(http://wakeupnowpeople.newsvine.com/)
#34.1 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174How
c72569260)
disgusting..those fu#king pigs!
SHARE
U#35
Gotta
Gun? (http://ugottagun.newsvine.com/)
(http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174c72525070)
HSBC will just raise fees and interest rates of those of the lower income groups that use
their services, to recoup these cost...
SHARE
1 reply
YashBudini
(http://yashbudini.newsvine.com/)
That's why there really is no such thing as corporate taxes or fines, it all comes out of the
pockets of the middle class.
SHARE
YashBudini
(http://yashbudini.newsvine.com/)
HSBC is the kind of company Romney and his fellow corporatists would let slide without any
fines, maybe even throw in some subsidies, AKA corporate welfare.
SHARE
Page 11 of 17
3/15/15 4:16 PM
Joseph
Muhammad (http://josephmuhammad.newsvine.com/)
#37 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174Iran
c72534601)
is
under Illuminati sanctions. The citizenry does not agree with the crimes done in its name.
SHARE
(http://www.newsvine.com)
hope they all went to prison.

SHARE
Hoosier
7 (http://lpberries.newsvine.com/)
#39 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174The
c72538611)
board of directors and the Sr vp and above need to be prosecuted.....that would be what all
the laws and compliance procedures are already in place need to happen.....I think often
board of directors who get too much of a pay check just need to show up qtrly....well guess
again
SHARE
Proud
Patriot-1553508 (http://proudpatriot1553508.newsvine.com/)
#40 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174Not
c72543602)
only
to BIG to FAIL they are to BIG to Prosecute. I say let them fail. HSBC is probably the worst
bank to do business with. These bankers have no ethical business practices.
SHARE
1 reply
msjb12
None I think they use the Jon Corzine theory they must have friends in high places.
SHARE
STAN
PONTUS (http://stan-pontus.newsvine.com/)
#41 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174no
c72547259)
matter how big a company is. if it is found to be helping cartels or terrorist ,it should be
closed and all assets should be divided between all people holding an account with them. if
they owe a bill to that company it should be forgiven.and they get thier share of the
company`s holdings minus that amount !!!!!SHUT EM DOWN !!!
Page 12 of 17
3/15/15 4:16 PM
SHARE
BigLou-729767
(http://biglou729767.newsvine.com/)
c72547513)
gall
of this bank and certain employees there... I wonder how many persons involved were of
foreign origin since it didn't seem there was much allegiance there on how they ran their
business. Maybe in the restructure they will look into this factor just a little bit closer and
make appropriate changes, since I think not all was motivated by just making a wee bit more
money. The English are known to be a little greedy and foolish, and turn a blind eye when it
comes to making easy money while they are being stabbed in the back by their own
employees. -Past incidents and cases speak for themselves..!!
SHARE
Dewi
Thompson (http://fb-dewithompson9.newsvine.com/)
#43 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174My
c72551013)
husband and I have had accounts with both HSBC Singapore and HSBC Jakarta. The bank
and it's employees are the lowest of the low and feel they can treat anyone and anyone's
money as their own.
HSBC Singapore was suppose to do a very important transfer for us and neglected to do so
and then over a 4 day period no one from the back was reachable via email concerning the
transfer. Seems the upper management had decided to leave and take holidays and left a
secretary in charge who never answered emails.
HSBC Jakarta, was worse, my husband transferred 10,000 USD from our USD account to
our Idnonesian Rupiah account with all accounts being in HSBC Jakarta. He had paperwork
proving this and for some reason some HSBC idiot reversed the transaction and we did not
know until creditors were contacting us about overdue things that were supposed to be
paid for with the transferred funds. HSBC Jakarta refused to discuss the issue with us and
only said "Sorry" and that was it. We had had an account with them at the time for over 7
years and they could careless about it. We kept following up about it and we could not get
answers that int he end instead of HSBC answering about their poroblem they told us their
level of service was not up to the level that we expected and we were asked to move over
500,000 USD to another bank.
HSBC get's what they deserve due to their dishonesty and arrogance.
SHARE
oldercitizen-2026776
(http://oldercitizen2026776.newsvine.com/)
Crooked Government Officials+Crooked Bankers=License to steal..Not only steal, but to
openly steal without any fear of punishment.Just another way the uber rich stay that way...
SHARE
Page 13 of 17
3/15/15 4:16 PM
Tim-874396
(http://mrclean1020.newsvine.com/)
#45 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174I'm
c72555311)
not
one to throw the phrase "dirty bank" around very quickly, and in fact I think a lot of bank
criticism is unfounded. But it seems like every time there is some kind of scandal or illegal
activity on an international scale, HSBC is always one of the banks named in the story. It
appears HSBC really is a "dirty bank".
SHARE
1 reply
msjb12
#45.1 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174YEH
c72578614)
real
dirty like playing in manure
SHARE
RayJay-2491129
(http://rayjay2491129.newsvine.com/)
#46 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174Ya!
c72557177)
and
those of us who are dumb enough to follow the laws and rules get 1/4% on our savings.
Now the thieving pigs are whining about us who worked though the1960's, 70's, 80's and
90's, with the highest taxes and interest rates ever, wanting the soc. sec. we payed into.
SHARE
deb-3232690
(http://deb3232690.newsvine.com/)
c72562424)
sad
part, is that's the last we will hear of that 1.9 billion dollars. Wish the media would follow the
money and report to us on it.
SHARE
winsettz
(http://winsettz.newsvine.com/)
Write fine off on taxes as business expense. Turns lemons into lemonade...!
SHARE
humbertob1
(http://esehomes1.newsvine.com/)
#49 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case
Page 14 of 17
3/15/15 4:16 PM
c72567363)
Tody's news reports that a former Mexican govenor will have his Padre Island condo sold for
the money that the US requires for their "cut" in the drug trade. The gods in American
government will expertly relieves other governments (like Noreiga's) and banks from their
financial holdings in due time. "Everyone" will pay the American/ British Empire in due time.
And they will pay from the cost and taxes on the stupid little people that they dispise.
Hahahahhaaaaah...,us.
What cowards we are to send our children to die in unexplained wars while "allowing" these
cigar smoking fat bastards to live freely for 80 or 90 years. We should all rot in their garbage
cans !!
SHARE
Mike
c Smith (http://mikecsmith.newsvine.com/)
c72567727)
CE
of HSBC Stuart Gulliver said "We are commited to protecting the integrity of the global
financial system" I think all the banks involved in these scams do not understand the word
'INTGRITY'. Once upon a time you looked up to bankers as being respectable members of
sociaty, today you realise that most of them involved in these crime are no better then
common criminals and should be taken to task and face the full exposure of the criminal
courts. And I hasten to add, if not WHY not?
SHARE
2 replies
BigLou-729767
(http://biglou729767.newsvine.com/)
Mike.....
Too many politicians in their pockets, too many favors owed...!!!!!
SHARE
msjb12
#50.2 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-bankinggiant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174c72578565)
FAVORS? I don't compute
SHARE
wakeupnowpeople
(http://wakeupnowpeople.newsvine.com/)
Nothing has changed...money talks...no matter how you get it! Sad sad sad....It is hard to get
a grip on this type of behavior by all parties involved...what BS...it's so hard to have to keep
playing this bullsh!t game. I would just so welcome peace and serenity....a garden of Eden if
you will. I know ...get over it; right...it ain't happening. Peace out!
SHARE
Page 15 of 17
Is
3/15/15 4:16 PM
msjb12
there not a way to take away their right to bank in the usa how could anybody be immune to
common laws that everybody has to follow the people in the banks should be put on trial we
waste enough money on stupid things why not waste money on the banks that are thieves.
SHARE
msjb12
#53 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-gianthsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174yes
c72578545)
just
share with the lawmakers and everything is swell, they are just too big to fail I'm sure that is
just bull crap that they can't fail. what is corzine working at their bank now.
SHARE
Tad-401841
(http://widemoto.newsvine.com/)
No bank or bank executives, however, have been indicted as prosecutors have instead
utilized deferred prosecutions, the wire service said
Not surprising as bank executive bought their way out criminal prosecutions with almost $2
billion in fines. Where will that money go and how ill it be spent????????? I know, it's none of
our business.........................
SHARE
Andrew
Pease (http://andrew-pease.newsvine.com/)
Either someone needs to go to jail from this, or the rule of law is an illusion. Will people get
pissed enough already? This paradigm of greed must end. The choice is simple. Bring the
people to justice, or the very system of justice is illegitimate. Time to raid the Bastille?
SHARE
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Page 17 of 17

Banking Giant HSBC To Pay Record $1.9 Billion in Money-Laundering Case - U.S. News

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Banking Giant HSBC To Pay Record $1.9 Billion in Money-Laundering Case - U.S. News

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Banking giant HSBC to pay record $1.9 billion in money-laundering case - U.S.

Banking giant HSBC to pay record $1.9 billion

Stefan Wermuth / Reuters, file

The statement, which included a string of measures taken by the bank to

Analyst Jim Antos, of Mizuho Securities, said the statement on Tuesday

Questions Arise About HSBC

CNBC's Eamon Javers reports the detail on an investigation of HSBC's lending

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Yes, hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174here c72516560)

hope they all went to prison.

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