HSBC shares fall 0.2pc after report of possible US$1.8b settlement

HSBC shares were 0.2 per cent lower in early trade on Thursday following a Reuters report quoting unnamed sources that said the banking giant might pay US$1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses. HSBC was down 15 HK cents at HK$79.85, while the benchmark Hang Seng Index was down 0.05 per cent.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1098819/hsbc-shares-fall-02pc-after-report-possible-us18b