HSBC Money Laundering Scandal

[BlasterBates]

Yet more shenanigans

[AtW]

Yet more shenanigans

Nah, that's nothing - some bad people laundered some billions, big deal.

Now fixing LIBOR had effect on contracts worth hundreds of billions.

[BrilloPad]

I just can't believe what HSBC did! I mean, fancy getting caught.

[Mich the Tester]

The obvious course of action now is to slap a big fine on the company, so that they have to save money by sacking a bunch of innocents and replacing them with Bobs.

Never hold the directors or managers personally responsible; that would be wrong!

[alreadypacked]

The obvious course of action now is to slap a big fine on the company, so that they have to save money by sacking a bunch of innocents and replacing them with Bobs.

Never hold the directors or managers personally responsible; that would be wrong!

There was a story on one of the Irish sites today, that 2 of the people named in the HSBC reoprt were now heading up one of the crashed Irish banks and the other heading up NAMA.

The story has been taken down now

[AtW]

Never hold the directors or managers personally responsible; that would be wrong!

Two words - Sarbanes Oxley

[vetran]

not sure why anyone is surprised money has no morals, of course how do you think they became so rich in the first case?

[moggy]

The obvious course of action now is to slap a big fine on the company, so that they have to save money by sacking a bunch of innocents and replacing them with Bobs.

Never hold the directors or managers personally responsible; that would be wrong!

who gets these fines..

[Mich the Tester]

Two words - Sarbanes Oxley

Fat lot of good that's done.

[AtW]

Fat lot of good that's done.

Some execs are doing long time in jail, ie - Enron, WorldCom chaps.

Plus lots of work to professionals in compliance