HSBC’s $1.9bn settlement sets (another) dangerous precedent
December 15th, 2012 Image: WilliamBanzai7 The ‘settlements’ that London-headquartered banks HSBC and Standard Chartered have reached with the US authorities over serious criminal offences — including...
View ArticleHSBC’s drugs money laundering settlement a mockery of justice, says Warren
March 7th, 2013 Senator Elizabeth Warren (Democrat-Massachusetts), has once again revealed the dangerous double standards at the heart of the US justice system. Appearing at the Senate Banking...
View ArticleHSBC still laundering money for terrorist groups, says whistleblower Everett...
September 18th, 2013 In the video interview above, former HSBC anti-money laundering compliance officer, Everett Stern, frankly describes the criminal methods used by HSBC to launder money for...
View ArticleGuest post: How Britain’s banks profit from distress
By James Nicholls Banks are in the business of making money – just like every other business – and they do this by providing bank accounts and lending money at a profit. So far so ordinary. They lend...
View ArticleThe Parliamentary Review: Review of the Year in Finance
By Ian Fraser Published: The Parliamentary Review Date: September 30th, 2013 The Libor scandal It was described as the banking industry’s ‘tobacco moment’. In June last year, Barclays was fined £290...
View ArticleWas Mallett thrown to the wolves to save BoE’s skin?
November 12th, 2014 Guest Post by Rowan Bosworth-Davies One of the major unexplained elements in the foreign exchange (forex) rigging case is the level of knowledge of manipulative activity possessed...
View ArticleFCA colluded to cover up alleged HSBC fraud
January 23, 2015 (corrected March 2, 2015. See note) When John Griffith-Jones and Martin Wheatley, chairman and chief executive of the Financial Conduct Authority, appear before the Treasury Select...
View ArticleBill Black: We’ve given bankers a licence to defraud
February 7th, 2015 As a U.S. Federal litigator, Bill Black had a pivotal role in ensuring that hundreds of the bankers behind the U.S. savings and loan crisis of the late 1980s were put behind bars....
View ArticleHervé Falciani: HSBC leaks are the tip of the iceberg
February 14th, 2015 (updated February 20th, 2015) Hervé Falciani is the man behind the largest leak in banking history. In this interview, filmed in February 2014), he told the British filmmaker Nick...
View ArticleJust how corrupt is the UK?
By Ian Fraser 13th May 2016 How corrupt is Britain? Over the past few days quite a few people have been insisting Britain isn’t corrupt. They claim to see nothing wrong with Cameron describing...
View ArticleResolving the banking crisis will require radical surgery and quiet...
By Ian Fraser Published: Sunday Herald Date: August 12th, 2012 STANDARD Chartered, the London-headquartered bank that does most of its business in Asia, was – until the beginning of last week – the...
View ArticleDear David Cameron: Entrusting economic policy to ex-investment bankers is no...
September 7th, 2012 When David Cameron reshuffled his cabinet earlier this week, the arrival of a trio City of London bankers and consultants at Her Majesty’s Treasury went almost unnoticed. The three...
View ArticlePrem Sikka: Without proper curbs on predatory capitalism, recovery will elude us
October 8th, 2012 Despite a banking and financial crisis of near biblical proportions in 2007-09, which saw the collapse and state-funded rescue of many of Britain’s banks, the country’s regulators...
View ArticleBritain’s corporate failures invite a governance revolution
November 18th, 2012 Image: WilliamBanzai7 The bigwigs of the City of London, corporate governance ‘gurus’ in asset-management firms and leading figures from FTSE-100 companies have a penchant for...
View ArticleLondon looks set to take the hit from hard Brexit
By Ian Fraser Published: The Times Date: 30 May 2017 Hard Brexit would cost the financial services sector and UK economy dear as firms lay plans to relocate thousands of jobs elsewhere in Europe Lloyd...
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