HSBC will tomorrow prolong the latest wave of financial penalties for Britain’s banks by setting aside hundreds of millions of pounds more to cover settlements for breaching anti money-laundering rules. I have learned that HSBC will raise the likely bill for fines from US authorities to as much as $1.5bn […]
Tag: HSBC
Exclusive: Banks in Libor probe consider group settlement-sources
A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people familiar with the banks’ thinking said. Such discussions are preliminary, and it is unclear if regulators will enter these […]
