NEWS and REPORTS => World News => Topic started by: NewsCaster on Dec 11, 2012, 04:30 PM
Title: HSBC to pay $1.9 billion in money-laundering case
Post by: NewsCaster on Dec 11, 2012, 04:30 PM
British banking giant HSBC has agreed to pay more than $1.9 billion to U.S. authorities -- the largest penalty ever paid by a bank -- after failing to abide by anti-money laundering and sanctions laws, it said on Tuesday.