Search Results for: hsbc

HSBC CEO: My Pay Was so Outrageous I Had to Use Tax Havens to Hide it from My Peers

By William K. Black Quito, Ecuador: January 23, 2015 Greetings from Quito, where I will be spending four months teaching at IAEN about effective regulation and building ties with UMKC. The latest twists on the latest HSBC tax evasion and tax … Continue reading

The HSBC Scandal: A Red Flag for U.S. Regulators?

NEP’s Bill Black appears on Knowledge@Wharton discussing the HSBC scandal with Jennifer Blouin. You can see the story and hear the podcast here.  

How Dare DOJ Insult HSBC’s Crooks as Less “Professional” than Liberty Reserve’s Crooks?

By William K. Black Standard Chartered and HSBC’s leaders must be doubly humiliated by the description by Mythili Raman, the acting head of the U.S. Department of Justice’s (DOJ) Criminal Division, of Liberty Reserve’s money laundering operation.  UK laws are, … Continue reading

Did Obama and Cameron require HSBC to aid the prosecution of Tax Frauds?

By William K. Black (Cross posted at Benzinga.com) I have explained in prior columns that HSBC is not only a criminal enterprise, but also a recidivist of epic proportions.  The U.S. and the U.K. have refused to prosecute not only … Continue reading

Why did Obama and Cameron save a Criminal Enterprise like HSBC?

By William K. Black Why is HSBC still in operation?  On the same day (December 10, 2012) that the Obama administration leaked the story of the HSBC settlement a story ran in the New York Times that was full of … Continue reading

The DOJ and the SEC Spurn their Ace in the Hole: Richard Bowen

By William K. Black Quito: March 24, 2015 In this second column about Richard M. Bowen, III, I discuss the failure of the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) to make use of his expertise and … Continue reading

The Lessons Richard Bowen’s FCIC Testimony Should Have Taught the Nation

By William K. Black Quito: March 20, 2015 This is the first of three columns prompted by Richard Bowen’s interview this morning on Bloomberg.  Richard Bowen, a Citi SVP, blew the whistle within Citi on Citi’s massive fraudulent sales of fraudulently … Continue reading

A Question to Our Bank CEOs Who Are Criminals: “Have You No Sense of Decency”?

By William K. Black Quito: March 4, 2015 The FCPA Blog, an invaluable aid to anyone involved in the effort against corruption, has just run a story that epitomizes the neo-liberal approach to “liberty.” There is a massive movement, well-funded by … Continue reading

Remember When Carmen Segarra Exposed the NY Fed’s Refusal to Stop Goldman Sachs and Banco Santander’s Scam to Inflate Santander’s Capital? How’d that Work Out?

By William K. Black On September 30, 2014 I wrote an article to explain the true significance (and horrific analysis by the NY Fed and much of the media) of Carmen Segarra’s key disclosure. My title was “A ‘Perfectly Legal’ … Continue reading

Bill Black appears on Background Briefing

NEP’s Bill Black appears on Ian Masters’ Background Briefing discussing HSBC and the tax dodging it facilitated for its customers. You can listen here.