That's what this article is suggesting.
http://www.internationalviewpoint.org/spip.php?article3507
"In addition to laundering money from drugs and terrorism, [2] HSBC has been incriminated in other affairs. It manipulated exchange markets (revealed in 2013, concerning a market of $5.3 trillion per day), [3] and rigged the LIBOR interbank interest rate. [4] It was also involved in the abusive and fraudulent sale of interest rate derivatives, and the abusive and fraudulent sale of insurance products to the British public and small companies (the Financial Services Authority prosecuted HSBC for having sold policies that were of little or no value). [5] Finally, it sold Mortgage Backed Securities abusively in the US, rigged gold and silver prices (revealed in Jan. Feb. 2014) [6], and assisted major tax evaders (see below)."
Read more: Should HSBC be shut down for its involvement in so many fraudulent activities?
