HSBC has a shaky relationship with regulators.
Back in 2012, the bank admitted that it helped Mexican drug cartels launder money and did business with Iran and other sanctioned nations. To avoid charges, it signed a deferred prosecution agreement (DPA) with the U.S. Department of Justice which required it to improve its internal controls and submit to an outside monitor.
Authored by James Howard Kunstler via Kunstler.com,
The abiding enigma of this tormented era remains: why has the thinking class of America abandoned thinking?
The answer is: it’s the reaction to their own failure.
Failure to do what? To produce the utopia that Gnostic liberalism promised - a perfect world based on altering human nature.
With President Donald Trump safely out of the country, joining French President Emmanuel Macron at a Bastille Day parade in Paris, A federal judge in Hawaii has ordered a temporary loosening of the Trump administration’s travel ban after finding that the administration’s strict interpretation of the Supreme Court’s decision isn’t justified. The ruling was issued by US District Judge Derrick Watson – a longtime Obama ally and the same judge who blocked the second “watered down” Trump travel ban back in March.
"Financial Crisis Of Historic Proportions" Is "Bearing Down On Us"
Authored by Cyril Widdershoven via OilPrice.com,
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.