HSBC 'pays £1.2bn to settle probe'

HSBC will pay 1.9 billion US dollars (£1.2 billion) to settle a money-laundering probe by US federal and state authorities into Europe's biggest bank, officials have said.

The UK-based bank will pay 1.25 billion dollars (£777 million) in forfeiture and 655 million dollars (£407 million) in civil penalties, the American sources said.
%VIRTUAL-SkimlinksPromo%