July 12 2017
HSBC, one of the biggest banks in the world, won a major victory on Wednesday when a New York federal appeals court reversed a lower court’s decision to release a potentially damaging report detailing the bank’s money-laundering practices. Judge John Gleeson, an ex-Brooklyn federal judge, had “exceeded” the authority of his court by ordering parts of the report be made public, wrote Judge Robert Katzmann. The decision is a blow to Dean Moore, a Pennsylvania chemist who first asked a judge to unseal the report because he thought it related to a mortgage issue he was having.
