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Elizabeth Warren has a question: How much money does a bank have to launder before people go to jail? Warren, the Democratic senator from Massachusetts and financial-regulatory maven, posed that question numerous times to financial regulators at a Senate Banking Committee hearing Thursday on banks… Politics News Headlines – Yahoo! News Tweet This Post
Posts Tagged ‘HSBC’
Elizabeth Warren Wants HSBC Bankers Jailed for Money Laundering
Posted by admin on March 8th, 2013
Posted in Breaking News 
Tags: bankers, Elizabeth, HSBC, jailed, laundering, Money, Wants, Warren 
No Comments »Gov’t alleges HSBC transactions with Iran, others
Posted by admin on December 11th, 2012
The Justice Department says the British bank HSBC violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico. Politics News Headlines – Yahoo! News Tweet This Post
HSBC to pay $1.9B to settle money-laundering case
Posted by admin on December 11th, 2012
HSBC, the British banking giant, said Tuesday it will pay $ 1.9 billion to settle a money-laundering probe by federal and state authorities in the United States. Tweet This Post
AP source: HSBC to pay $1.9B to settle probe
Posted by admin on December 11th, 2012
HSBC, the British banking giant, will pay $ 1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said Monday. Tweet This Post
UK taxman probes HSBC accounts after data leak
Posted by admin on November 9th, 2012
LONDON (Reuters) – HSBC, Europe's biggest bank, has been hit by the leaking of client account data in the British tax haven of Jersey which is now being looked at by the country's tax authorities. The authorities confirmed they were looking into details of clients in Jersey after being handed a list of names, addresses [...]
U.S. probe of HSBC tangled up in bureaucracy, infighting
Posted by admin on September 26th, 2012
(Reuters) – In the second half of 2010, a senior federal prosecutor in West Virginia drafted an impassioned plea to his bosses in Washington to end infighting as multiple government agencies pursued a high-stakes investigation of HSBC Holdings Plc. William Ihlenfeld II had been fighting a losing battle against fellow prosecutors in Washington and Brooklyn, [...]
HSBC exec resigns as senators hammer money-laundering lapses
Posted by admin on July 17th, 2012
WASHINGTON (Reuters) – HSBC Holdings Plc put itself at the mercy of the U.S. Senate on Tuesday, acknowledging shortcomings in its anti-money laundering operations and revealing the resignation of a global executive. David Bagley, a top compliance executive at HSBC since 2002, told a Senate investigative panel that he would step down, after the panel [...]
Posted in Breaking News Tags: Exec, hammer, HSBC, lapses, moneylaundering, Resigns, Senators No Comments »HSBC apologizes as key U.S. Senate hearing starts
Posted by admin on July 17th, 2012
WASHINGTON (Reuters) – HSBC Holdings Plc will put itself at the mercy of the U.S. Senate on Tuesday, acknowledging shortcomings in its anti-money laundering operations and promising to fix what a scathing report called a "pervasively polluted" culture at the bank. The Senate report, which came after a year-long inquiry, said the bank had routinely [...]
HSBC says 2,217 UK jobs to go; another 950 affected
Posted by admin on April 26th, 2012
LONDON (Reuters) – HSBC is cutting more than 2,200 jobs in Britain as part of its drive to slash costs and boost profitability in the face of a changing banking landscape. Unite union said 3,167 roles would be impacted by the cuts, but HSBC said almost 1,000 staff would be redeployed or other positions would [...]
