Comment Re:Questionable banking? (Score 4, Interesting) 129
A BBC new site article yesterday had this passage...
The bank now faces criminal investigations in the US, France, Belgium and Argentina. HSBC said it is "co-operating with relevant authorities". But in the UK, where the bank is based, no such action has been taken.
Whether anything happens as a result of those investigations remains to be seen. And in case you're wondering why there is no such action taken in the UK, the reason can be inferred from the next paragraph...
The man in charge of HSBC at the time, Stephen Green, was made a Conservative peer and appointed to the government.