Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Implications of the global crisis HSBC incurred $ 765 million DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Implications of the global crisis HSBC incurred $ 765 million

Go down

Implications of the global crisis HSBC incurred $ 765 million Empty Implications of the global crisis HSBC incurred $ 765 million

Post by RamblerNash on Wed Oct 10, 2018 11:16 am

Implications of the global crisis HSBC incurred $ 765 million

Implications of the global crisis HSBC incurred $ 765 million Image

10-10-2018

The Euphrates -

A decade after the global financial crisis, major banking institutions are still paying for their practices in recent years before the crisis.

HSBC agreed to a $ 765 million settlement with the US Department of Justice for misleading investors after selling securities backed by low-quality mortgages between 2005 and 2007.

The Department of Justice asserts that HSBC has made a decision to buy, assemble and sell distressed real estate loans with full awareness of the risks associated with them.

The bank had been expecting the financial fine to be added to the huge fines it paid over the past decade, including $ 2.5 billion in the head of the bank's executive office, and $ 1.9 billion after the scandal involving the bank in Mexico after being charged with money laundering for gangs. Drugs in Latin America.

http://www.alforat.info/index.php?page=article&id=61951
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 18496
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum