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‘Too big to jail’ rationale meant no charges for HSBC, critics say

When the U.S. Justice Department announced its record $1.9 billion settlement against British bank HSBC on Dec. 11, prosecutors called it a powerful blow to a dysfunctional institution accused of laundering money for Iran, Libya and Mexico’s murderous drug cartels.

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  • Headline: ‘Too big to jail’ rationale meant no charges for HSBC, critics say
  • Publication: Business, Pages 67 on 12/23/2012
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