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Too Big to Jail

Inside HSBC, the Mexican Drug Cartels and the Greatest Banking Scandal of the Century

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From journalist Chris Blackhurst, Too Big to Jail unveils how HSBC facilitated mass money laundering schemes for brutal drug kingpins and rogue nations – and thereby helped to grow one of the deadliest drugs empires the world has ever seen.

'Packed with insights and details that will both amaze and appal you' - Oliver Bullough, author of Butler to the World


While HSBC likes to sell itself as ‘the world’s local bank’ – the friendly face of corporate and personal finance – it was hit with a record US fine of $1.9 billion. In pursuit of their goal of becoming the biggest bank in the world, between 2003 and 2010, HSBC allowed El Chapo and the Sinaloa cartel, one of the most notorious and murderous criminal organizations in the world, to turn its ill-gotten money into clean dollars.

How did a bank which boasts transparency, come to facilitate Mexico’s richest drug baron? And how did a bank that had been named ‘one of the best-run organizations in the world’ become so entwined with one of the most barbaric groups of gangsters on the planet?

Too Big to Jail is an extraordinary story, brilliantly told by writer, commentator and former editor of The Independent, Chris Blackhurst, that starts in Hong Kong and ranges across London, Washington, the Cayman Islands and Mexico.

It brings together an extraordinary cast of politicians, bankers, drug dealers, FBI officers and whistle-blowers, and asks what price does greed have? Whose job is it to police global finance? And why did not a single person go to prison for facilitating the murderous expansion of a global drug empire?

Banks & Banking Business Communication Career Success Corporate & Public Finance Organized Crime True Crime White Collar & Corporate Crime Crime Banking Latin American Business Mexico

Critic reviews

Packed with insights and details that will both amaze and appal you . . . if it doesn't make you angry, you need to check your pulse (Oliver Bullough, author of Moneyland and Butler to the World)

The sheer hubris, greed and arrogance of bankers is laid bare in shocking, and at times hilarious, detail. Blackhurst takes them on and pricks their bubble of self-congratulatory entitlement

(Andrew Neil)

Full of extraordinary revelations. Epic story-telling about a shocking scandal. Read this!

(Iain Martin, author of Making It Happen)
Blackhurst’s tale would make an exciting novel. But alarmingly, this is a true story, carefully researched and told with gusto (Baroness Patience Wheatcroft, former editor of The Sunday Telegraph)
A pacey, page turning thriller tale of banking collusion with extreme criminality (Brian Basham, veteran financial PR man and chairman of Equity Development)
[Blackhurst] writes with gusto ... a diverting book
Blackhurst’s attention to detail is excellent, as is his lucid analysis
Highly entertaining . . . told with pace, gusto, and a strong sense of moral outrage
All stars
Most relevant
Brilliant book, very well written, even though the story is absolutely infuriating. One of the books that makes you wonder whether something it’s better not to know something ..
I’d argue the title shouldn’t be too big to jail - but too well connected to jail.
Anyway, hugely recommend it.

Excellent

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A well told story which raises difficult questions about big corporations, particularly banks, are managed and how the system failed.

A fascinating listen

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This book gives a really good run down of the scandal between HSBC and the Mexican cartels money. It’s a frustrating story that more people should know, well written and narrated.

Good breakdown of another corruption scandal

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Bad bad bad accent for foreign names and city names. Story itself is interesting enough

Good story. Annoying narration

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A good piece of journalism capturing an almost cliche example of corruption.
I like it when an author narrates their book, but Blackhurst slur and pace did grate on me. If this affects you, I would suggest you change the speed to 1.2. This helped hugely.

I couldn’t help compare the fates of El Chapo and that of Stephen Green. One is incarcerated for life and forced to pay billions, the other sits in the House of Lords and was fined.
It is clear that each actor cannot be entirely compared along these simplistic measures, but both were intimately involved in actions that led to death and suffering, and their fates were determined by their level of social acceptance. Why no one was imprisoned for this corruption is hard to fathom. Why Green is welcomed into Westminster is beyond me.
If you were cynical about the Government and banking before, this book might send you over the edge.

I’m still angry, but don’t let that put you off

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