HSBC might pay $1.8 billion fine in money-laundering settlement

Deal with Europe’s biggest bank could be announced as soon as next week

HSBC Holdings Plc—Europe’s biggest bank—could soon pay big bucks for money-laundering lapses.

People familiar with the matter told Thomson Reuters that HSBC might pay a $1.8 billion fine as part of a settlement with U.S. law-enforcement agencies for its role in international money-laundering operations. The deal could be announced as soon as next week.

Ashley Post

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