HSBC likely to face criminal charges for money laundering

HSBC Holdings, Europe's largest bank by market value, said yesterday it was likely to face criminal charges stemming from US anti-money laundering investigations. It said the cost of a settlement could "significantly" exceed the US$1.5 billion the bank had already set aside.

via Business feed http://www.scmp.com/business/banking-finance/article/1075727/hsbc-likely-face-criminal-charges-money-laundering