“The deferred prosecution agreement was reached in December 2012 and was approved Monday. The settlement was seen as a record amount to resolve charges that the bank failed to stop billions of dollars in drug money from flowing through the bank from Mexico. Under the terms of the deal, the Justice Department agreed to suspend criminal charges against HSBC and its US subsidiary for five years if the bank agreed to pay the penalty. When announcing the settlement, HSBC Chief Executive Stuart Gulliver said: ‘The HSBC of today is a fundamentally different organization from the one that made those mistakes.'”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Whirlpool profits strangled by the tariffs it once supported
10 things Social Security won’t tell you: The truth about the agency’s bottom line
Tallest Skyscraper Yet Going Up In Midland, Texas
France seizes the France.com domain name from its 20-year owner
US agencies spied from 'false facade' on roof of Geneva mission
Pentagon restricts release of Afghanistan war data
Merger mania returns to 2007 levels
Swiss thousand-franc note is a hidden treasure
Risky Loans Shunned by Banks Are Booming in Wall Street's Shadow
Four states hit record highs for home prices
Engineers build bug-eyed camera that sees the world as flies do
Spanish citizenship offer appeals to US Jews
IMF sees no end to French jobless crisis this decade
NATO members could act against Syria without UN mandate
How Thailand’s Botched Rice Scheme Blew a Big Hole in its Economy