Tag Archives: hsbc

UK’s top 4 banks under major investigation

Barclays bank

Barclays, Royal Bank of Scotland, HSBC and Lloyds may be forced to break up following a finance watchdog’s inquiry. The watchdog claims Britain’s banking sector is characterized by anti-competitiveness and a failure to meet ordinary citizens and small business’ needs. Outlining its proposals for a sweeping 18-month investigation into Britain’s major banks, the newly-established Competition and Markets Authority (CMA) has ... Read More »

HSBC whistleblower to run for Congress

Everett Stern

HSBC whistleblower and political hopeful Everett Stern. A bank whistle-blower is seeking a more powerful position from which to hold too-big-to-fail companies accountable. Everett Stern, a former HSBC employee who last summer called for fresh investigations into the company’s money-laundering controls, has launched a bid for Congress. Stern is campaigning to be the Republican nominee for the seat in Pennsylvania’s ... Read More »

HSBC is broke; restricts large cash withdrawals

HSBC sign

Following research last week suggesting that HSBC has a major capital shortfall, the fact that several farmer’s co-ops were unable to pay back depositors in China, and, of course, the liquidity crisis in China itself, news from the BBC that HSBC is imposing restrictions on large cash withdrawals raising a number of red flags. The BBC reports that some HSBC ... Read More »

Whistleblower: HSBC still laundering money for terrorists, drug cartels

HSBC drugs and terrorism financing

Big banks are apparently too big to jail, even when they bankroll terrorists and drug cartels, while regular people fill the prisons in the world’s largest drug population for mostly non-violent drug offences. As a former Anti-Money Laundering Officer at HSBC, Everett Stern was arguably never actually supposed to catch money laundering activity. Instead, with little training but an inclination to ... Read More »

Three arrested in UK over Libor rate fixing scandal

hang the bankers

The UK anti-fraud agency has arrested three men in connection with the Libor interest rate manipulation scandal that broke earlier this year. According to Britain’s Serious Fraud Office, the three British men are aged 33, 41 and 47 and are all currently living in the United Kingdom. They have been taken to a London police station for questioning. The arrests ... Read More »

JPMorgan faces money laundering probe

JP Morgan

JPMorgan Chase & Co’s compliance with U.S. anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest U.S. bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctioned countries. The Office of the Comptroller of the Currency, an independent branch within the Treasury Department, is examining ... Read More »

Max Keiser and Alex Jones speak out (interview)

Max Keiser Alex Jones

This week we have a double treat for you! One interview is Max appearing on The Alex Jones Show, the other is Alex appearing on Max Keiser’s show, On The Edge. They cover everything from: banking, politics, financial markets, Monsanto, NWO, Bilderberg, war, fake terrorism, media, martial law, the elite, possible October false flag and more… The Alex Jones Show ... Read More »