HSBC ‘taking too long to tackle financial crime’
Posted by seumasach on February 22, 2016
British banks are under fire from all sides. On one side their is threat of eurozone regulation and the planned banking union, on the other are the US regulators. Another British bank, Barclays is engulfed in scandal. Interestingly, Goldman and JPMorgan are funding the “Yes” campaign, while some major hedge-funds are backing”No”. Meanwhile the Chinese are busy constructing their alternative City in London’s Docklands.
22nd February, 2016
HSBC is taking too long to tackle financial crime, US authorities have said, with an official monitor installed at the bank after a money-laundering scandal four years ago raising “significant concerns”.
This entry was posted on February 22, 2016 at 11:10 am and is filed under British economy, Uncategorized. Tagged: Barclays, decline of British banks, european banking union. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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