Tuesday, July 17, 2012

HSBC and Me


The US affiliate of Europe's largest bank, HSBC, has allowed the bank to finance clients seeking to route shadowy funds from the world's most dangerous and secretive corners, including Mexico, Iran, the Cayman Islands, Saudi Arabia and Syria, according to a 340-page Senate report released Monday.

"The culture at HSBC was pervasively polluted for a long time," said Senator Carl Levin, chairman of the US Senate Permanent Subcommittee on Investigations, a Congressional watchdog panel.

Those are not the only "most dangerous and secretive corners".

I have an account with the bank and you all know where I live.


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