The Wall Street journal reported on Monday, the British banking giant HSBC, Europe's biggest bank, pay $1.9 billion to resolve accused it didn't do enough to stop its branches in the money laundering. According to the Wall Street journal, the us government announced the deal, as long as Tuesday.
HSBC's penalty will break the bank to pay the criminal and civil penalty record, according to the Wall Street journal. But it won't be many investors have expected. On November 5 bank said, this is the reserve of $1.5 billion, to make up for the potential punishment, and warned that it could have to pay "significantly higher" amount. According to Reuters, last week, the bank may in the short term solution for 180 million dollars.
The actual number of investors can shout for joy. HSBC shares in London stock market fell slightly on Monday, has won 4%, from November 5 RiYin done warning.
More important is, HSBC will enter a deferred prosecution agreement, "the Wall Street journal" reported, this basically is the probation period: the company admitted violation of "bank secrecy laws" and "trade and enemy trade law". It will get a stern warning, and commitment to clean up their act.
Such a deal to make "the irony of criminal justice system," former Treasury official wheat Gurule, now a university professor, Notre Dame DE Paris institute of law last week, told Reuters.
Punishment, it can achieve a slightly more than half of the $350 million in tax profit in the third quarter of 2012 for the bank. The bank receives $16.8 billion, net income in 2011.
In July, the bank staff to everybody apology, the United States senate money laundering control is lax, allowing the Mexican drug cartel money laundering billions of dollars, more than seven years, according to a team of the senate committee report. The bank may also be used to remit money to Iran and terrorist groups, according to the report.
A senior American voltage regulator, controller office money, also did not push HSBC repair money laundering has concern for many years, according to the report.
HSBC bank is not the one who: the British standard chartered bank Monday was hit a $3.27 million fine, in their own delay prosecution agreement, in the money laundering behavior. Such as jpmorgan chase and Bank of America (Bank of America) and Bank of America is under close review their money laundering prevention measures.
This is no HSBC bank of trouble in the United States bank end is also according to the report, more than a dozen bank is the cost of the survey, they control the London interbank offer rate, or London interbank interbank interest rates, influence, a borrowing costs in the economy as a whole. HSBC bank is in hot water with the British regulators earlier this year's accused of misleading consumers to buy insurance and hedge products.




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