Page 5 - Record Fine News Today

>> the department of justice proudly announced the bank agreed to pay total of $1.9 billion, which was a record fine. it amounted to five weeks worth of income for the bank and no criminal charges were announced. a decision attributed to concerns that charges could jeopardize the bank and potentially the entire global financial system. general eric holder, instructing prosecutors to consider the collateral consequences of a corporate criminal conviction in determines whether to charge the corpor...

Papers, the bank admits to almost going out of its way to act as a financial clearinghouse for international pariahs and drug dealers. >> in late 2012, british banking giant accepted responsibility for a wide range of criminal activities. including illegally conducting hundreds of millions of dollars of interactions for iran, libya and other countries and allowing drug cartels to launder $8 million in drug trafficking money. >> these traffickers didnt have to try very hard. they would sometimes ...