HSBC: The Drug World’s Local Bank
HSBC prides itself on being the "world's local bank". Yet it could have done without the kind of international exposure that upset United States senators this summer and the one that today resulted in it paying $1.9bn (£1.2bn) to settle a money-laundering probe. As the senators tell it, and as the prosecutors allege, HSBC was used by a diverse customer base including Mexican drug gangs looking to fun ...
Read more ›
