Search Results for: hsbc

Lanny Breuer’s Defense of Not Prosecuting HSBC and its Officers

By William K. Black Quito: April 19, 2015 I have been researching the HSBC frauds for a column I am doing about Loretta Lynch, the U.S. Attorney who refused to prosecute HSBC or any of its officers for the largest and … Continue reading

HSBC Violates its Sweetheart Deal and Lynch Praises It

By William K. Black Quito: April Fools’ Day 2015 HSBC got a sweetheart deal from the Obama administration.  It laundered vast amounts of money for Mexico’s murderous Sinaloa cartel, helped bust sanctions for terrorists and mass murderers, and did not cooperate … Continue reading

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 FSA’s Defense Against Blair’s Attack on it Shows Why the FSA Failed

By William K. Black Quito: May 16, 2015 In my immediately prior article I discussed in detail Prime Minister Tony Blair’s May 26, 2005 speech calling on the UK to “win” the regulatory race to the bottom. In particular, Blair singled … 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