Too Big To Jail

According to the G20 there are two banks that are so enormous they cannot be allowed to collapse - to do so would cause global, systemic meltdown. One of those banks is HSBC.

In 2012 HSBC was fined a record $1.9bn by the US authorities for failing to stop Mexican gangs from laundering their cash. The same investigation found that the bank deliberately broke sanctions to deal with the likes of Iran, Burma, and North Korea. Yet this same conduit for ?drug kingpins and rogue nations' is also the bank of millions of ordinary people. How does that happen? How did the bank that writes to me immediately if I go overdrawn or stops me using my card on suspicion of fraud happily deal with murderers and sponsors of terrorism?

Too Big to Jail is is the story of how HSBC came to be described by a cartel overlord as ?the place to launder money' and how they avoided prosecution.