HSBC To Pay $1.9 Billion To Resolve Allegations Of Money Laundering

Mark Gongloff, Huffington Post This may be the world’s largest wrist slap. British banking giant HSBC, Europe’s biggest bank, is set to pay $1.9 billion to settle accusations that it didn’t do enough to stop money laundering in its branches, the Wall Street Journal reported on Monday. According to the WSJ, the U.S. government could announce the […]

Libor Investigation Close To Making Arrests

Matthew Goldstein, Jennifer Ablan and Philipp Halstrick, Reuters U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal. Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the […]

Citigroup Manipulated Libor More Than Any Other U.S. Bank

Mark Gongloff, Huffington Post So far Barclays has been the sad, British face of the Libor scandal, but there could soon come a day when an American bank could be the poster child for Libor manipulation. USA! USA! Fortune’s Stephen Gandel wrote on Friday about not one, not two, but three different studies that use charts and […]

Ready to get started?

Speak to a specialist at (888) 737-6344