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HSBC apologizes, takes $700-million hit to cover U.S. money-laundering fines

http - July 30th, 2012

HSBC on Monday said its first-half profit fell after Europe's biggest bank took a $2.0 billion-hit to cover penalties from a money-laundering scandal in the United States and insurance mis-selling claims

News Sources
HSBC says sorry as it takes $700 million hit - Yahoo! News - July 30th, 2012
HSBC profits slide as it takes $2.0 bn in charges - Yahoo! News - July 30th, 2012
HSBC takes $700M hit to cover U.S. money-laundering charges - Yahoo! News - July 30th, 2012
HSBC apologizes, takes $700-million hit to cover U.S. money-laundering fines - Yahoo! News - July 30th, 2012

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