Published On Mar 26, 2024
Money laundering, tax fraud, corruption, price manipulation...: since the 2008 crisis, the HSBC bank has been at the heart of all the scandals.
Created in Hong Kong a century and a half ago by Scottish traders linked to opium trafficking, HSBC (Hong Kong and Shanghai Banking Corporation) has continued to prosper outside of any regulation.
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Today, the British bank with pirate DNA alone embodies the excesses and excesses of international finance. Laundering of ©r1me money – that of the Mexican and Colombian cartels –, massive tax evasion, corruption or manipulation of currency prices and interest rates: since the 2008 crisis, this giant has been involved in numerous scandals with regularity and with complete impunity.
Because the opaque HSBC, an expert in shell companies, whose coffers are overflowing with cash deposited by its discreet and dubious clients, has become “too big to jail”. The bank, worth some 3,000 billion dollars, gets away with paltry fines each time.
A link between East and West, it also now serves as a pipeline for hundreds of billions of euros of Chinese capital setting out to conquer Western markets: HSBC is now sailing under a red flag.
Dirty Money
Financial gangsters
A film by JĂ©rĂ´me Fritel, Marc Roche
A Magneto Presse & ARTE France production
