HSBC executives to apologise at US Senate hearing

[xchrom]

http://www.bbc.co.uk/news/business-18867054


HSBC will apologise to the US Senate after an investigation claimed that the bank was being used to launder dirty money around the world.

In a statement, Europe's largest bank, said it expected to be held accountable for what went wrong.

HSBC will appear before the Senate at 09:30 local time (13:30 GMT).

On Monday, a Senate report said that suspicious funds from countries including Mexico and Syria had passed through the bank.

[Bonhomme Richard]

1. OK, they are sorry so let's move along. n/t

[davidpdx]

2. They should just bring out a large cattle prode

and burn their asses. That goes for JP Morgan Chase as well.

[malaise]

3. But lil black boys are in prison for one spliff

Throw away the keys

[Marrah_G]

7. It's a fucked up world

[Skidmore]

4. "...after laundering billions of dollars" for drug cartels and Middle Eastern countries.

I just heard this on the news now.

Where are the prosecutions?

[Marrah_G]

6. There won't be any

One law for the rich and another for everyone else.

Besides, the federal law enforcement agencies are to busy making sure sick people can't smoke a joint.

[Marrah_G]

5. It's nice that they can break the law and just say "oops my bad"

And all the while we are incarcerating people for petty crimes.

We live in a fucked up world.

[KurtNYC]

8. A non-US based bank gets picked for today's showbiz style "investigation"

in the U.S. That is easy (and meaningless).

[lpbk2713]

9. "Woops ... sorry we got caught."

" We'll try to be more subtle in the future. "

[marmar]

10. I sense a firm slap on the wrist coming.

nt