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Archive | August, 2012

A word about banks and the laundering of drug money

I just wanted to write a quick note about HSBC and money laundering. When we hear of a bank caught money laundering there is a tendency, gently encouraged I think, by the banks and the media, to think of it as we would if we heard of someone in our street having been caught fencing […]

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A Waiting Game

Governments, so they tell us, want the banks to lend into the real economy to get people working, earning, buying and paying both their taxes and their debts. Problem is, I do not think the financial industry shares this desire. They say they do. They say they are doing their bit. But they are not. […]

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