Seeking Alpha

HSBC (HBC) braces for fines of maybe $1B as it is set to apologize to Congress for a lack of...

HSBC (HBC) braces for fines of maybe $1B as it is set to apologize to Congress for a lack of controls that allowed the bank to be used for money laundering for terrorist and other criminal activities. ING was recently hit with a $619M fine for its role in laundering funds for Iran and Cuba and speculation is HSBC's penalty will be higher.
From other sites
Comments (1)
  • WMARKW
    , contributor
    Comments (10685) | Send Message
     
    Just another indication of the appropriate appellation of "bankster" for these guys.

     

    Support your local Credit Union.
    11 Jul 2012, 06:09 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs