Soft US treatment of UK’s HSBC differs sharply from indictment of 3 big Mexican banks in ‘Operation Casablanca’


In era of terrorist funding worries, US gave HSBC, which had strong Iran ties, a ‘too big to jail’ card, but pushed Mexican banks to guilty plea


The US government’s lenient treatment of HSBC for its 10-year crime binge involving thousands of prohibited transactions with Iranian institutions and murderous Mexican drug cartels has caused an outcry in many quarters, including entities that usually disagree vigorously, like the New York Times and Fox News.

What may add fuel to the fire is to recall how the lenient United States global settlement with the huge UK-based institution differs so dramatically from the hammering the same US agencies, including the Department of Justice, inflicted on three Mexican banks in 1998.

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