HSBC, Standard Chartered said to resolve US probes next week

HSBC Holdings and Standard Chartered may settle US charges involving money-laundering violations and dollar-clearing transactions on behalf of Iranian clients as soon as next week, two people familiar with the negotiations said.

The agencies involved in the settlements include the US Treasury’s Office of Foreign Assets Control, the Federal Reserve, the Justice Department and the New York District Attorney’s office, according to the people, who asked not to be identified because negotiations are still under way.

via Business feed http://www.scmp.com/business/banking-finance/article/1100714/hsbc-standard-chartered-said-resolve-us-probes-next-week