The White Collar Club

So HSBC has agreed to a record $1.9 billion settlement in its money laundering case, but will avoid criminal indictment. Why? Basically, because HSBC is too big to fail, and with Lehman Brothers’ disastrous collapse still in the rearview mirror, federal regulators essentially felt the disruption it would cause the economic system wouldn’t be worth it. […]

Lost amid the frenzy over Matthew Martoma’s potentially record-setting insider trading bust is the story of his inside source, the doctor accused of flipping the data. It’s easy to lose sight of a low-profile doctor with otherwise no connection to financial world, especially with sticker shock numbers like $276 million involved. But Matthew Martoma was […]