Will Petrobas Bring Down Brazil?

Will the scandal involving Petrobas continue to effect their share price? As global markets decide what the impact of a recession in Europe money continues to leave Brazil and other emerging markets. A political scandal only exacerbates these issues.

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HSBC in Hot Water

We have absolutely no appetite to do business with clients who are evading their taxes or who fail to meet our financial crime compliance standards
Stuart Gulliver, CEO HSBC

Governments around the world are investigating HSBC for its actions in assisting numerous clients evade taxes, launder money, and facilitate numerous crimes. With the deferred prosecution from the U.S. Department of Justice in jeopardy it is likely that HSBC will lose its U.S. banking license.

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