Financially Happy dot com: HSBC sets aside US$2b for US investigation, mis-selling

Monday, July 30, 2012

HSBC sets aside US$2b for US investigation, mis-selling

HSBC sets aside US$2b for US investigation, mis-selling: LONDON, July 30 – HSBC’s chief executive apologised today for shameful and embarrassing mistakes made on anti-money laundering controls as the bank set aside US$2 billion (RM6.31 billion) to cover the cost of US investigations and compensate UK customers for mis-selling. Europe’s biggest bank reported a 3 per cent dip in underlying profit and said ...

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Monday, July 30, 2012

HSBC sets aside US$2b for US investigation, mis-selling

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