HSBC pays out $1.9 billion in deal with United States

The US authorities reached a deal with the London-based bank HSBC. The bank will pay a record $1.9 billion in order to avoid criminal charges of money-laundering.

Because HSBC is one of the world's biggest banks, a criminal prosecution would have shaken the whole international financial system, the New York Times said today.

HSBC is alleged to have moved billions of dollars for Mexican drug gangs and for governments of countries such as Iran.


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