ccording to a new Senate report, HSBC worked with companies with ties to Mexican drug cartels, terrorists, and other criminals and failed to prevent money-laundering violations. "HSBC sets up a U.S. bank affiliate as its gateway into the U.S. financial system and lets its global network of affiliates abuse that gateway," says Sen. Carl Levin (D-Mich.), the head of the subcommittee behind the investigation. "The failure of accountability here is dramatic."
- 4 secret societies you probably don't know about
- Did God have a wife?
- How to stick it to the poor: A congressional strategy
- 10 things you need to know today: December 9, 2013
- Watch SNL delightfully mess with all your childhood Christmas favorites
- Homeland recap: 'Big Man in Tehran'
- Rick Santorum wins the prize for the worst Nelson Mandela tribute
- The emerging budget deal is a small victory for Republicans
- Which professions have the most psychopaths?
- 7 strange things found in people's stomachs [Updated]
Subscribe to the Week