Archive for July 17th, 2012

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HSBC ‘Financier to Drug Gangs’

July 17, 2012


Photo: John Taylor

HSBC lapses left US economy exposed to exploitation by terrorists – Senate report

HSBC left America’s financial system exposed to exploitation by drug cartels and terrorist organisations due to its failure to comply with anti-money laundering laws, according to a damning US Senate report.

The findings are a major embarrassment for HSBC, some of whose senior executives will appear before the Senate committee tomorrow to explain the failings.

*HSBC to apologise for money laundering

US senate probe found there were lax controls and a “pervasively polluted” culture at Europe’s largest bank.

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Barclays commercial

July 17, 2012

Commercial for Barclays with Samuel Jackson directed by Jonathan Glazer

Uploaded by jonathanglazer

*Barclays makes public apology after rate-rigging scandal

The public apology, printed in papers including the Financial Times and the Times of London and signed by outgoing chairman Marcus Agius, says the bank is “truly sorry for what has happened and that you have been let down.”

It continues: “It is our actions now over the coming months and years that will make the difference.

“You are the lifeblood of our business, and we will not allow ourselves to be distracted from what really matters — delivering for you, day in and day out.”

Barclays is determined to put its customers “at the heart of everything we do” and must earn the right to retain their business, the statement concludes.

*The Illuminati exposed: Why the Libor conspiracy scandal is the most important story in the world

The Libor scandal reveals capitalism’s vaunted Free Market is a con trick, which has been fraudulently controlled by international banks for their own and select cartels and speculators’ interest. The cost of this fraudulent activity has been paid for by the public – the savers, mortgage owners and pensioners. There is now proof positive that the financial elite have been playing us all for fools.

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