Tuesday, February 10, 2015

Will HSBC Deal Come Back to Haunt Loretta Lynch?

Three years ago, then-U.S. Attorney of the Eastern District of New York Loretta Lynch crafted a soft-touch deferred-prosecution deal for Europe's largest bank, HSBC, which had only been caught in the largest drug-money-laundering case in history.

Today, as Lynch awaits approval for the Attorney General job, HSBC is in the news again. This time, the global mega-bank is being exposed in a massive scheme to help wealthy clients avoid taxes.

Read more: http://www.rollingstone.com/politics/news/will-hsbc-deal-come-back-to-haunt-loretta-lynch-20150209

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