I guess I can't say that there were no consequences, since they were able to pay $2 billion to walk away scot free: http://www.rollingstone.com/politics/news/ou

I guess I can't say that there were no consequences, since they were able to pay $2 billion to walk away scot free: http://www.rollingstone.com/politics/news/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213 http://www.rollingstone.com/politics/news/outrageous-hsbc-se... According to this analysis, that amounts to about 5 weeks of HSBC's income, to say nothing of total reserves/worth: http://www.thefiscaltimes.com/Columns/2012/12/13/Too-Big-to-Jail-HSBCs-Fine-Didnt-Fit-the-Crime http://www.thefiscaltimes.com/Columns/2012/12/13/Too-Big-to-... As far as I understand it, the new revelations coming out about HSBC are indeed more Europe-oriented, but are not limited to Europe in scope.