HSBC Leaked Documents Put DoJ, IRS Investigations Into Question

Five years ago information the DoJ had in its possession showing the world’s second largest bank engaging in apparent illegal behavior have some in Congress and media wondering about “investigations”

Leaked files from the Swiss banking arm of HSBCshow how the world’s second largest bank assisted in helping their wealthy customers, which included drug cartels and terrorists, conceal billions from tax authorities. The latest revelations have former British government officials calling for a breakup of the large UK bank.

HSBC, which had previous bouts with justice when they acknowledged laundering money for terrorist organizations and drug cartels, paid $1.9 billion in fines on the issue in 2012. No individual employees...