News for Brian Mahany

If you don’t trust your bank, you’re in good company. With financial regulations unraveling, and in the wake of several shocking banking scandals, it’s remarkable we haven’t all switched to a digital crypto-currency like Bitcoin and ditched our financial institutions.
The latest EY Global Consumer Banking Survey finds customers around the globe have diminishing trust in their banks. While they broadly trust banks to look after their money securely across markets,...

In her confirmation hearing this week to become the next U.S. attorney general, Loretta Lynch said that "no individual is too big to jail" and "no one is above the law."
But, at least in one recent case in which Lynch was a key player, this may not be accurate.
In 2012, the U.S. Department of Justice found that British banking giant HSBC plc and its U.S. subsidiary had permitted Mexican and Colombian drug cartels to launder hundreds of millions of dollars undetected, and had...