Too big to jail : HSBC and the banking scandal of the century

Blackhurst, Chris2023

Books, Manuscripts

Find it!
Remove Too big to jail : HSBC and the banking scandal of the century from your current list Save Too big to jail : HSBC and the banking scandal of the century to your current list

Total copies: 1

Summary

'Too Big to Jail' unveils how across the world, HSBC likes to sell itself as 'the world's local bank', the friendly face of corporate and personal finance. And yet, a decade ago, the same bank was hit with a record US fine of $1.9 billion for facilitating money laundering for 'drug kingpins and rogue nations'. In pursuit of their goal of becoming the biggest bank in the world, between 2003 and 2010 HSBC allowed El Chapo and the Sinaloa cartel, one of the most notorious and murderous criminal organisations in the world, to turn its ill-gotten money into clean dollars and thereby grow one of the deadliest drugs empires the world has ever seen. 'Too Big to Jail' is an extraordinary story that starts in Hong Kong, where HSBC saw the opportunity to become the largest bank in the world, and El Chapo seized the chance to fuel his murderous empire by laundering his drug proceeds through the bank.