Loretta Lynch’s First Test Will be HSBC
Assuming Loretta Lynch is confirmed as the next US Attorney General—a scenario that looks likely at this point–she may have to immediately back up promises she made during her confirmation hearing, and take on a misbehaving bank that has already defied her once before. When banking giant HSBC was fined $1.9 billion for laundering drug money and violating economic sanctions, the company agreed to system-wide reforms in order to avoid prosecution. That agreement was approved by Loretta Lynch, who oversaw the settlement as the US… Keep Reading