Reports: HSBC to pay $1.9 billion in money-laundering settlement

Global banking giant HSBC is set to pay $1.9 billion in a settlement with U.S. regulators over its allegedly lax anti-money laundering controls, according to several reports Monday. News of the looming settlement, expected Tuesday, follows a Senate subcommittee report released in July that accused HSBC of failing to prevent money transfers by Mexican drug cartels and banks linked to terrorism ...