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Topic - Holdings Plc

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  • Pedestrians pass a sign with the HSBC logo in Hong Kong on Monday, July 30, 2012. HSBC, the British banking giant, will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said Monday, Dec. 10, 2012. (AP Photo/Vincent Yu)

    HSBC to pay $1.9B to settle money-laundering case

    HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.

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