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U.S. probe of HSBC tangled up in bureaucracy, infighting


Ron Burgundy
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2012-09-26T040600Z_1_CBRE88P0BGG00_RTROPTP_2_HSBC-EARNINGS.JPG(Reuters) - In the second half of 2010, a senior federal prosecutor in West Virginia drafted an impassioned plea to his bosses in Washington to end infighting as multiple government agencies pursued a high-stakes investigation of HSBC Holdings Plc. William Ihlenfeld II had been fighting a losing battle against fellow prosecutors in Washington and Brooklyn, who were jointly conducting a parallel probe into the British bank's controls over illicit transactions. Ihlenfeld, the U.S. ...

 

 

 

http://news.yahoo.com/insight-u-probe-hsbc-tangled-bureaucracy-infighting-040600567--sector.html

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