“A bad quarter” versus “I could go to jail” – Is it time to indict a few bankers for money laundering?
Reuters reports “Exclusive: HSBC might pay $1.8 billion money laundering fine – sources”. That’s up from the $1.5B they previously announced as a reserve. The article reports of leaks that a settlement could include a deferred prosecution agreement with the huge fine. It then discusses the difficulty prosecutors are having in deciding whether to pursue Continue reading