HSBC: Too Big for Jail?

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HSBC: Too Big for Jail? Europe's largest bank will pay a nearly $2 billion settlement to end a U.S. Justice Department money laundering investigation looking at the bank's role in moving cash for known terror groups, Mexican drug cartels, and rogue governments such as Iran, which has been facing stiff sanctions from the U.S., federal officials announced at a press conference today. The bank, HSBC, will pay a massive fine – the largest ever in such a case – in order to avoid a criminal prosecution that could have crippled the bank

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