{"id":32955,"date":"2012-12-12T08:50:47","date_gmt":"2012-12-12T13:50:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=32955"},"modified":"2012-12-12T08:50:47","modified_gmt":"2012-12-12T13:50:47","slug":"bleak-day-for-british-banking-as-libor-arrests-follow-record-fine-for-hsbc","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2012\/bleak-day-for-british-banking-as-libor-arrests-follow-record-fine-for-hsbc.html","title":{"rendered":"Bleak day for British banking as Libor arrests follow record fine for HSBC"},"content":{"rendered":"<p>Guardian &#8211; The reputation of Britain&#8217;s banking industry took a fresh battering when\u00a0HSBC\u00a0was slapped with a record $1.9bn (\u00a31.2bn) fine by US\u00a0regulators\u00a0for money laundering and sanctions busting, the first arrests were made in the\u00a0Libor-rigging investigation, and nationalised Northern Rock handed the taxpayer a \u00a3270m bill to compensate customers affected by a mistake in its paperwork.<\/p>\n<p>The US department of justice (DoJ) detailed how HSBC, Britain&#8217;s biggest bank, allowed drug traffickers to launder billions of dollars in the US and billions more to be moved across borders to countries facing sanctions, such as Burma, Cuba and Libya.<\/p>\n<p><a href=\"http:\/\/www.guardian.co.uk\/business\/2012\/dec\/11\/banking-libor-fine-hsbc?CMP=EMCNEWEML1355\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guardian &#8211; The reputation of Britain&#8217;s banking industry took a fresh battering when\u00a0HSBC\u00a0was slapped with a record $1.9bn (\u00a31.2bn) fine by US\u00a0regulators\u00a0for money laundering and sanctions busting, the first arrests were made in the\u00a0Libor-rigging investigation, and nationalised Northern Rock handed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32955","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=32955"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32955\/revisions"}],"predecessor-version":[{"id":32957,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32955\/revisions\/32957"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=32955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=32955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=32955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}