HSBC to Pay $1.9B in Money-Laundering Probe

British banking giant was accused of helping cartels

By Newser Editors and Wire Services

Posted Dec 10, 2012 4:45 PM CST

(Newser) – A law enforcement official says HSBC will pay $1.9 billion to settle a money-laundering probe by federal and state authorities into Europe's biggest bank. According to the official, the bank will pay $1.25 billion in forfeiture and pay $655 million in civil...   Read full story »


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