The report and follow-up hearings have shown that the bank has knowingly violated many criminal laws. Individuals convicted of similar violations are now in jail — with sentences of up to 40 years. The only case that comes close to matching the range of crimes that HSBC committed is the Bank of Credit and Commerce International — the “bank of crooks and criminals,” which I investigated back in the late 1980s. It was closed and its leadership was prosecuted. HSBC deserves the same treatment.