12-12-20 NOT in the United States: German Police raids bank, arrest senior execs

In the past 48 hours, police in the U.K. and Germany have arrested senior bank executives for serious crimes. On Wednesday, Deutsche Bank offices were raided by 500 police because the CEO and CFO are under investigation for tax evasion. Meanwhile in the U.S., the Justice Department signed a settlement with HSBC Bank on Tuesday, for its involvement in money laundering, drug smuggling, and providing support to terrorists. HSBC Bank paid a trivial half of one quarter's profits and no executive will be criminally prosecuted.

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