A former HSBC employee has blown the whistle on the Swiss banks corrupt activities.
According to popular resistance the former employee has been sentenced to 5 years jail and the bank receives a $40 million (Swiss franc) fine;
‘Subsequent investigations discovered HSBC not only assisted tax evaders but also laundering money for drug cartels, Russian gangsters, and terrorist organisations linked to Al Qaeda and Hezbollah. The bank also helped Iran, North Korea, and the Sudan evade sanctions’.
Still no HSBC employee convicted. Actually NO banksters convicted only fines.
I lol how they are called controversies and not corruption;
JP Morgan Chase
Bank of America
Bank of America $17 billion settlement
Bank of America Controversies
Barclays controversies (make up nearly half of the web page)
Apparently we need banks. Your call.