New York Times: Federal and state authorities secured a record $1.92 billion payment from HSBC on Tuesday to settle charges that the banking giant transferred billions of dollars for nations under United States sanctions, enabled Mexican drug cartels to launder tainted money through the American financial system, and worked closely with Saudi Arabian banks linked to terrorist organizations.
I read into this a few weeks ago and apparently HSBC has KNOWINGLY been laundering money belonging to Mexican drug cartels. Straight up unscrupulous. Power move by HSBC here. If there is one single entity, I mean ANY SINGLE entity that I want to have my back, it’s the Mexican drug cartels. Those guys are ruthless as shit and have more money than God. Launder a shit ton of money for MS-13 or whatever drug cartels are out there, and I can guarantee that nobody even thinks about robbing that bank.