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    Keith - HSBC are a massive international bank and they fell foul of highly complex money laundering laws. I have only to comply with the UK/EU ML laws but HSBC have to do so in many different jurisdictions, something incredibly complex. That is not to excuse them but only to show that it is a complex issue. If anyone broke the law then they will and should go to prison for it.

    But -
    1/ Their profits were actually lower than expected disappointing the markets. What might seem to us a lot of profit may not be if you relate that profit to capital and the scale of activities it reflects.
    2/ HSBC were not involved in the PPI scandal to their credit.
    3/ HSBC did not require any kind of bail-out.

    As far as banks go they are well run. Personally I am not a fan of how banks operate, particularly their advisory side, but let us at least keep them in perspective.

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