Hsbc holdings plc, europe's largest bank, agreed to pay $1.92 billion to settle u.s. probes of money laundering in the largest such accord ever.the settlement includes a deferred prosecution agreement with the u.s. department of justice, the london-based bank said in an e-mailed statement today. hsbc also said it expects to complete an undertaking with the u.k. financial services authority soon, without giving details.
updated: 12/11/2012 12:02 PM
HSBC to pay $1.92B to settle money-laundering probes
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