City of Stirling Library Services

Too big to jail, HSBC and the banking scandal of the century, Chris Blackhurst

eng

Includes bibliographical references and index

index present

non fiction

Too big to jail

bibliography

Chris Blackhurst

HSBC and the banking scandal of the century

Packed with insights and details that will both amaze and appall you, Too Big to Jail unveils how HSBC facilitated mass money laundering schemes for brutal drug kingpins and rogue nations and thereby helped to grow one of the deadliest drugs empires the world has ever seen. While HSBC likes to sell itself as the world's local bank the friendly face of corporate and personal finance, one decade ago it was hit with a record fine of US1.9 billion. In pursuit of their goal of becoming the biggest bank in the world, between 2003 and 2010, HSBC allowed El Chapo and the Sinaloa cartel, one of the most notorious and murderous criminal organizations in the world, to turn its ill-gotten money into clean dollars. How did a bank that as recently as 2002 had been named one of the best-run organizations in the world become so entwined with one of the most barbaric groups of gangsters on the planet? Too Big to Jail is an extraordinary story that starts in Hong Kong and ranges across London, Washington, the Cayman Islands and Mexico, where HSBC saw the opportunity to become the largest bank in the world, and El Chapo seized the chance to fuel his murderous empire by laundering his drug proceeds through the bank. It brings together an extraordinary cast of politicians, bankers, drug dealers, FBI officers and whistle-blowers, and asks what price does greed have? Whose job is it to police global finance? And why did not a single person go to prison for facilitating the murderous expansion of a global drug empire?

adult