Bankers in the UK hold faced no prosecutions – despite their serial abuses,and the catastrophic consequences of their actionsSo, HSBC is retaining its headquarters in London. Was there ever any danger that it would quit a cosy jurisdiction with feather-duster regulation and prosecutions as scarce as hens teeth?Banks hold little to fear here, and as UK regulators and prosecutors rarely take action. Related: HSBC to preserve its headquarters in London Related: HSBC's gunboat diplomacy worked well. Too well Continue reading...
Source: theguardian.com