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By Tiffany Kary and Greg Farrell, Bloomberg |
August 24, 2012
HSBC Holdings Plc, which is under investigation by U.S. regulators for laundering funds of sanctioned nations including Iran and Sudan, is in talks to settle the matter, two people with knowledge of the case said.
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By Keith Campbell and Howard Mustoe |
August 23, 2012
HSBC Holdings Plc’s credit rating outlook was cut by Standard & Poor’s, which questioned whether the lender is too big to be managed effectively.
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By Howard Mustoe and Gavin Finch, Bloomberg |
July 30, 2012
HSBC Holdings Plc, the British bank accused of helping drug lords in Mexico to launder money, apologized to investors for compliance failings and set aside $2 billion more to cover the costs of fines and redress.
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By Ambereen Choudhury and Nacha Cattan, Bloomberg |
July 25, 2012
HSBC Holdings Plc, Europe’s biggest bank, said its Mexican unit paid a $27.5 million fine to the nation’s regulators for non-compliance with money-laundering systems and controls.
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By Ginger Szala |
July 17, 2012
The Senate Permanent Subcommittee on Investigations released findings of a year-long probe on HSBC's failure to curb money laundering for the Mexican cartel and even terrorists. There seems to be a pattern across the entire financial system, and it has to stop.
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By Michael McFarlin, Alanna Byrne |
July 17, 2012
Over the last couple decades, trading has gone from a select few traders in Chicago and New York to being accessible to nearly everyone. With accessibility comes advertising.
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By Jesse Hamilton and David Voreacos, Bloomberg |
July 17, 2012
HSBC Holdings Plc did business with firms linked to terrorism, failed to guard against money- laundering violations in Mexico and bypassed U.S. sanctions against Iran, according to U.S. Senate investigators.
