Big banks discovered they wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from about two dozen other borrowers who were current on their mortgage payments, Jessica Silver-Greenberg and Ben Protess report in The New York Times. The banks  Bank of America, Citigroup, […]
Tag: HSBC
HSBC to pay $1.9 billion U.S. fine in money-laundering case
HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe’s biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash. The U.S. Justice Department on Tuesday charged the bank with failing to maintain an […]
UK taxman probes HSBC accounts after data leak
Europe’s biggest bank, is at the center of an investigation by British tax authorities into leaked data that a newspaper said showed it provided accounts in the tax haven of Jersey for alleged criminals. The authorities confirmed they were looking into details of clients in the Channel island after being […]
