Search Results for: hsbc

Now the DOJ Admits They Got it Wrong

William K. Black September 10, 2015 By issuing its new memorandum the Justice Department is tacitly admitting that its experiment in refusing to prosecute the senior bankers that led the fraud epidemics that caused our economic crisis failed. The result … 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

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. [Translate]

The City of London is so Criminogenic That It Boggles Even Its Banking Apologists

By William K. Black Bloomington, MN: February 11, 2015 HSBC’s most recent scandal is the perfect holiday gift. Whatever genre of entertainment one favors – from blood diamonds to drug cartels to rollicking royals to sport stars HSBC was happy to … Continue reading

Bill Black and Alexis Goldstein on HuffPost Live

NEP’s Bill Black appears along with Alexis Goldstein on HuffPost Live with Alyona Minkovski. They are discussing HSBC and it’s latest mess – helping rich customers hide billions of dollars and avoid paying millions of dollars in taxes. You can … Continue reading

How NPR Was Conned by Geithner into Censoring My Criticisms

By William K. Black San Francisco, CA:  November 23, 2014 In December 2013 NPR interviewed me about one the great disgraces of the Obama administration – its refusal to prosecute either the officers or HSBC for laundering roughly $1 billion … Continue reading