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HSBC sees money-laundering penalties exceeding $1.5 billion
U.S. fines against HSBC related to money laundering could well top $1.5 billion, the bank warned, adding that criminal charges are also a possibility. HSBC said it is setting aside an additional $800 million in anticipation of the penalties.
Reuters (11/5), The Wall Street Journal (tiered subscription model) (11/5)
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