HSBC Joins Long List of Banks Hit by Scandal

http - July 17th, 2012

A Senate committee has found that lax oversight at one of the world's biggest banks allowed terrorists and drug cartels to launder billions of dollars of illegal funds through its U.S. branches. Executives from HSBC are being  called to testify before Congress today to answer questions about how it appears to have ignored warnings and flouted regulations to allow illicit organizations a "gateway

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