From the director of ‘Goldman Sachs: The Bank that Rules the World’ comes a major new investigation into corruption at one of the world’s top financial institutions – HSBC.
If HSBC were a country, it would be the fifth world economic power. Founded during the golden age of the Opium trade to enable the British Empire to access the Chinese market, it has created a unique network to move dirty money around the world. From tax evasion to money laundering for the mafia and manipulation of currency, “this bank had done everything bad that a bank can possibly do.”
In 2012, HSBC nearly lost its license to operate in the US for laundering the money of the Mexican and Columbian drug cartels. Criminal charges were filed and HSBC’s executives hauled before a Senate committee. But George Osborne, UK’s then Chancellor of the Exchequer, wrote to his counterpart in America and to the Chairman of the Federal Reserve to plead for leniency. He claimed that if HSBC received a harsh punishment, it would have serious repercussions on the world’s financial and economic stability. The letter worked and HSBC was fined 2 billion euros. The equivalent of one month’s profits.
As the center of international finance moves to Asia, HSBC is in prime position. It is the most Chinese of Western banks and the most European of Chinese banks. Protected by London, blessed by Beijing, who would dare attack it?
——-
Bear witness to monumental moments in human history, and human’s most terrible crimes. Java Witness is home to incredible stories of good and evil, from fascinating stories of old, to chilling documents of heinous murders and modern-day mafias and gangs.
From dinosaurs to medieval feasts, ancient wars and battles, through Kings and Queens, World Wars and critical world events, watch some of the best history documentary series, world history specials and more, all for FREE!
Hit SUBSCRIBE and enable the bell notifications to know first about all new documentaries on the channel! At least 2 FULL documentaries available to watch FREE online every week!
Subscribe to our Discover channel for more documentaries: https://www.youtube.com/c/JavaFilms/
2017-2026
Bagay na hindi ko na puwede balikan kasi nawala sila sa akin lahat lahat 😢 bakit hindi alam ng ito nang PHILIPPINES 😢
Metro Manila
PHILIPPINES
HSBC is the money laundering bank of choice, followed closely by the TD Bank. Drug Cartels give them 5 star ratings. And guess what happens to the executives at these banks when they get caught – NOTHING, NOBODY GOES TO JAIL !
HSBC and TD are not the only banks laundering money for drug cartels the others just do it smarter.
Banksters, criminals in suits.