Your Top 10 Articles of 2013
4. Laundering Almost $1 Billion In Drug Money Is OK, If You Happen To Be A Bank
The new junior Senator from Massachusetts wasted no time going after banks and regulators after she was named to the Senate banking committee. Remember, Warren was slated to be the first head of the CFPB, but her nomination was blocked in the Senate. Oops.
Now, with a bigger stage and a seat in the Senate, Warren blisters banks and regulators with questions. One of her first targets was HSBC, which was fined for laundering $881 million in drug money, but is still allowed to operate in the U.S.
Read the full article: Laundering $881 Million Is Now Acceptable