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

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Tuesday Dec 11, 2012 1:38 AM

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Banking giant HSBC to pay record $1.9 billionin money-laundering case

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2/17



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-settlements-

with-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-group-

compliance-chief-to-quit-amid-scandal?lite )Banks' bad behavior may be scaring

away investors (http://bottomline.nbcnews.com/_news/2012/08/15/13301448-

chase-hsbc-among-7-banks-subpoenaed-over-rate-fixing?lite )

(http://bottomline.msnbc.msn.com/_news/2012/07/17/12796540-hsbcs-group-

compliance-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-among-

7-banks-subpoenaed-over-rate-fixing?lite )NYT: HSBC said to near $1.9 billion

settlement over money laundering(http://www.nbcnews.com/business/hsbc-

said-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."
http://www.nbcnews.com/business/hsbc-said-near-1-9-billion-settlement-over-money-laundering-1C7536290http://bottomline.nbcnews.com/_news/2012/08/15/13301448-chase-hsbc-among-7-banks-subpoenaed-over-rate-fixing?litehttp://bottomline.msnbc.msn.com/_news/2012/07/17/12796540-hsbcs-group-compliance-chief-to-quit-amid-scandal?litehttp://bottomline.nbcnews.com/_news/2012/08/15/13301448-chase-hsbc-among-7-banks-subpoenaed-over-rate-fixing?litehttp://bottomline.msnbc.msn.com/_news/2012/07/17/12796540-hsbcs-group-compliance-chief-to-quit-amid-scandal?litehttp://www.hsbc.com/1/2/newsroom/news/2012/hsbc-announces-settlements-with-authorities


3/17



Follow @NBCNewsUS

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.

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 bankreached with the New York bank regulator in August.
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4/17



Questions Arise

About HSBC

Transactions

JULY

17

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 CreditSuisse 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.
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chpstrkn (http://chpstrkn.newsvine.com/)Dec 11, 2012#16 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-

DISCUSSIONS
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6/17



2 replies

Yes,

here

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.

SHARE

TravelerinChina (http://travelerinchina2.newsvine.com/)Dec 11, 2012

If

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/)Dec 11, 2012

Now

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?

hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-

c72516560)

#16.1 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-


c72517104)



c72517938)
http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72517938http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72517104http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72516560http://plzthink.newsvine.com/http://plzthink.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://travelerinchina2.newsvine.com/http://travelerinchina2.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://chpstrkn.newsvine.com/


7/17



SHARE

mikeyknows (http://mikeyknows.newsvine.com/)

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 theirchildren 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 Narco-

terrorists? 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

ES-919973 (http://azdadeland.newsvine.com/)

Its

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

#17 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-


c72516657)



c72516669)



c72516698)



c72516701)
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8/17



mrpitchfork (http://georgeh1960.newsvine.com/)

$1.9

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/)

No

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/)

All

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/)

Our

cut.

SHARE

warrren (http://warrenhh.newsvine.com/)



c72516732)



c72516897)



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c72517040)


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9/17



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


The

Waron 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/)

If

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

c72517067)


hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72517098)



c72517198)


http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72517205http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72517198http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72517098http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72517067http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://annitabrowne22.newsvine.com/http://annitabrowne22.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://astadog.newsvine.com/http://astadog.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://me-ingersoll.newsvine.com/http://me-ingersoll.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://warrenhh.newsvine.com/


10/17



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

1 reply


We

havea 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

msjb12 (http://msjb122.newsvine.com/)

A

good place for them would be GITMO thats a real nice tropic location.

SHARE


Do

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 Public Wants to Know (http://thepublicwantstoknow.newsvine.com/)

OK,

they

pay a fine. Now where does that money go?



c72517231)



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c72517791)



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11/17



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

1 reply

deb-3232690 (http://deb3232690.newsvine.com/)

Well,

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

wakeupnowpeople (http://wakeupnowpeople.newsvine.com/)

How

disgusting..those fu#king pigs!

SHARE

1 reply

U Gotta Gun? (http://ugottagun.newsvine.com/)

HSBC will just raise fees and interest rates of those of the lower income groups that use

their services, to recoup these cost...

SHARE

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



c72523489)

#34.1 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-

c72569260)



c72525070)



c72531192)



c72531131)
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12/17



Joseph Muhammad (http://josephmuhammad.newsvine.com/)

Iran

is

under Illuminati sanctions. The citizenry does not agree with the crimes done in its name.

SHARE

(http://www.newsvine.com)

I

hope they all went to prison.

SHARE

Hoosier 7 (http://lpberries.newsvine.com/)

The

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

1 reply

Proud Patriot-1553508 (http://proudpatriot1553508.newsvine.com/)

Not

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


None I think they use the Jon Corzine theory they must have friends in high places.

SHARE

STAN PONTUS (http://stan-pontus.newsvine.com/)

no

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 !!!



c72534601)



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13/17



SHARE

BigLou-729767 (http://biglou729767.newsvine.com/)

The

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 theirbusiness. 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/)

My

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



c72547513)





c72553670)
http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72553670http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72551013http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72547513http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://oldercitizen2026776.newsvine.com/http://oldercitizen2026776.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://fb-dewithompson9.newsvine.com/http://fb-dewithompson9.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://biglou729767.newsvine.com/http://biglou729767.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#


14/17



1 reply

Tim-874396 (http://mrclean1020.newsvine.com/)

I'm

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


YEH

real

dirty like playing in manure

SHARE

RayJay-2491129 (http://rayjay2491129.newsvine.com/)

Ya!

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/)

The

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/)



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c72557177)



c72562424)

#48 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-

c72565299)


http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72567363http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72565299http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72562424http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72557177http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72578614http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72555311http://esehomes1.newsvine.com/http://esehomes1.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://winsettz.newsvine.com/http://winsettz.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://deb3232690.newsvine.com/http://deb3232690.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://rayjay2491129.newsvine.com/http://rayjay2491129.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://msjb122.newsvine.com/http://msjb122.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://mrclean1020.newsvine.com/http://mrclean1020.newsvine.com/


15/17



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

2 replies

Mike c Smith (http://mikecsmith.newsvine.com/)

The

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?

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BigLou-729767 (http://biglou729767.newsvine.com/)

Mike.....

Too many politicians in their pockets, too many favors owed...!!!!!

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FAVORS? I don't compute

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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

c72567363)



c72567727)



c72574209)

#50.2 (http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-

giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-

c72578565)



c72569153)
http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72569153http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72578565http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72574209http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72567727http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case?lite#th3627174-c72567363http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://wakeupnowpeople.newsvine.com/http://wakeupnowpeople.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://msjb122.newsvine.com/http://msjb122.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://biglou729767.newsvine.com/http://biglou729767.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://mikecsmith.newsvine.com/http://mikecsmith.newsvine.com/http://usnews.nbcnews.com/_news/2012/12/11/15835179-banking-giant-hsbc-to-pay-record-19-billion-in-money-laundering-case#http://esehomes1.newsvine.com/


16/17




Is

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


yes

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?

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What do you think?

PUBLISH

Start a new conversation:



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17/17


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

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