“State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system. Instead, HSBC announced on Tuesday that it had agreed to a record $1.92 billion settlement with authorities. The bank faces accusations that it transferred billions of dollars for nations like Iran and enabled Mexican drug cartels to move money illegally through its American subsidiaries. The case raises questions about whether certain financial institutions, having grown so large and interconnected, are too big to indict.”

http://www.thedailybell.com/28445/Two-Track-Corporate-Justice-Is-Not-the-American-Way

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