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Topic - Stuart Gulliver

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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.

  • **FILE** In this photo from June 13, 2011, HSBC Group Chief Executive Stuart Gulliver speaks at the World Economic Forum on East Asia in Jakarta, Indonesia. (Associated Press)

    HSBC to cut 30,000 jobs in global overhaul

    British banking group HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the U.S., part of a new strategy to focus on fast-growing emerging markets.

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    AT&T Inc. said Friday that it's going to start limiting speeds for the 5 percent of its customers with "unlimited" data smartphone plans who clog the airwaves the most.

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