HSBC might pay US$1.8b money laundering fine: sources

HSBC Holdings might pay a fine of US$1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. The settlement with Europe’s biggest bank - which could be announced as soon as next week - will likely involve HSBC entering into a deferred prosecution agreement with federal prosecutors, said the sources, who spoke on condition of anonymity.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1098817/hsbc-might-pay-us18b-money-laundering-fine-sources