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.
Guardian
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”.
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