The agreement had resolved charges accusing the bank of having become a "preferred financial institution" for drug cartels HSBC agreed to pay a record $1.92bn fine to settle a probe by US prosecutors who accused Europe's biggest bank of allowing the laundering of criminal cash. Photograph: Mike Segar/Reuters HSBC's record $1.9bn settlement with the US to resolve charges it enabled Latin American drug cartels to launder billions of dollars has been approved in court. While noting "heavy public criticism" of the settlement,...
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