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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHSBC executives to apologise at US Senate hearing
http://www.bbc.co.uk/news/business-18867054HSBC will apologise to the US Senate after an investigation claimed that the bank was being used to launder dirty money around the world.
In a statement, Europe's largest bank, said it expected to be held accountable for what went wrong.
HSBC will appear before the Senate at 09:30 local time (13:30 GMT).
On Monday, a Senate report said that suspicious funds from countries including Mexico and Syria had passed through the bank.
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HSBC executives to apologise at US Senate hearing (Original Post)
xchrom
Jul 2012
OP
Bonhomme Richard
(8,997 posts)1. OK, they are sorry so let's move along. n/t
davidpdx
(22,000 posts)2. They should just bring out a large cattle prode
and burn their asses. That goes for JP Morgan Chase as well.
malaise
(268,693 posts)3. But lil black boys are in prison for one spliff
Throw away the keys
Marrah_G
(28,581 posts)7. It's a fucked up world
Skidmore
(37,364 posts)4. "...after laundering billions of dollars" for drug cartels and Middle Eastern countries.
I just heard this on the news now.
Where are the prosecutions?
Marrah_G
(28,581 posts)6. There won't be any
One law for the rich and another for everyone else.
Besides, the federal law enforcement agencies are to busy making sure sick people can't smoke a joint.
Marrah_G
(28,581 posts)5. It's nice that they can break the law and just say "oops my bad"
And all the while we are incarcerating people for petty crimes.
We live in a fucked up world.
KurtNYC
(14,549 posts)8. A non-US based bank gets picked for today's showbiz style "investigation"
in the U.S. That is easy (and meaningless).
lpbk2713
(42,736 posts)9. "Woops ... sorry we got caught."
" We'll try to be more subtle in the future. "
marmar
(77,053 posts)10. I sense a firm slap on the wrist coming.
nt