Posts Tagged Fine

HSBC Takes $2 billion Hit for U.S., UK Scandals

Source: Reuters By Steve Slater and Matt Scuffham | LONDON | Mon Jul 30, 2012 12:03pm EDT (Reuters) – Revelations of lax anti-money laundering controls at HSBC are “shameful and embarrassing” for Europe’s biggest bank, its boss said on Monday, and it may have to pay out well over $2 billion for the scandal and in compensation for UK mis-selling. […]

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