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The Boston Globe

Politics

Warren continues pressuring regulators

WASHINGTON - Massachusetts Senator Elizabeth Warren continued pressuring banking regulators Thursday, criticizing them during a Senate hearing for failing to enforce tougher penalties on the nation’s largest banks.

Warren joined other members of the Senate Banking Committee in grilling regulators on corporate wrongdoing, focusing on the punishment faced by British bank HSBC after it was caught laundering Mexican drug money. Federal regulators fined the company nearly $2 billion in December. But Warren chided them for neither forcing the bank to shut down its US operations nor prosecuting individual employees.

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