Topic: HSBC in Cayman
HSBC avoided criminal charges over fears of ‘systemic risk’
The U.S. Department of Justice refused to prosecute HSBC in 2012 for laundering Mexican drug money through a Cayman Islands subsidiary and other violations.
Butterfield sees ‘improved economic conditions in all markets’
Butterfield Bank reported 2015 core earnings of $113.9 million, a slight improvement of $7.5 million over 2014.
