Tuesday, December 11, 2012 - 5:39 AM

HSBC To Pay $1.92 Billion In Money-Laundering Settlement

From CNNMoney.com

Global banking giant HSBC will pay $1.92 billion in a settlement with U.S. regulators to resolve money-laundering allegations, the bank said Tuesday.

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Coincidentally, HSBC Online Savings Account rate went down again yesterday. The rate is now only 0.30%.

KenBDG5,138 posts since
Nov 29, 2009
Rep Points: 116,955

1. Tuesday, December 11, 2012 - 6:20 PM

Why are certain crimes illegal only for certain companies or people? I just watched this on tv and think it is very upsetting that such pathetic excuses are made for big companies. The little guy who is jobless can go to jail if he decides to rob a bank to feed his family but if you are a big company, you just can say you are "sorry" and not one day of jail time!

paoli2447 posts since
Aug 10, 2011
Rep Points: 1,770