The Great Debate

The color of money shouldn’t be blood red

December 18, 2012

HSBC’s $1.92 billion payment to U.S. authorities to avoid prosecution for money-laundering practices, including transferring funds for Mexican drug cartels, raises serious questions about the flow of narco-cash in the international banking system. The time has come to tackle the culture of impunity that allows these illegal transactions.

Regs, tax breaks expiry to hit lending

May 25, 2010

By Jim Saft

With tax credits for house buyers gone and tough new banking regulations on the way, expect lending in the United States to come under significant pressure.