HSBC to 'settle money-laundering probe'

The bank will pay $1.25 billion dollars (£777 million) in forfeiture, the largest ever in a case involving a bank, and $655 million (£407 million) in civil penalties, the American sources said.

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HSBC's £1.2bn laundering fine

HSBC will pay $1.9 billion (£1.2 billion) to settle a money-laundering probe by US federal and state authorities, the largest paid in such a case. A US Senate investigation said it had been a conduit for "drug kingpins and rogue nations".