HSBC latest to set aside extra cash

The rising tide of financial penalties among Britain's banks has continued to swell as HSBC revealed additional charges for money-laundering breaches and mis-sold PPI.

The group said it had set aside an additional 800 million US dollars (£500 million) to cover fines from US authorities which accused the bank of inadvertently allowing rogue states and drug cartels to launder billions of pounds through its US arm.
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