Carrick Mollenkamp And Brett Wolf

Stories by Carrick Mollenkamp And Brett Wolf

Money laundering case: HSBC to pay $1.9 bn fine

Money laundering case: HSBC to pay $1.9 bn fine

Rediff.com   11 Dec 2012

HSBC admitted to a breakdown of controls and apologised in a statement announcing it had reached a deferred-prosecution agreement with the US Department of Justice, as was first reported by Reuters last week.