‘Too big to jail’ rationale meant no charges for HSBC, critics say
Posted: December 23, 2012 at 2:34 a.m.
When the U.S. Justice Department announced its record $1.9 billion settlement against British bank HSBC on Dec. 11, prosecutors called it a powerful blow to a dysfunctional institution accused of laundering money for Iran, Libya and Mexico’s murderous drug cartels.
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Business, Pages 67 on 12/23/2012