5 Juicy Facts: HSBC’s Money-Laundering

by InvestorPlace Staff | July 18, 2012 10:28 am

5 Juicy Facts: HSBC’s Money-Laundering

Following a yearlong U.S. Senate investigation, allegations have been made[1] against HSBC Holdings (NYSE:HSC[2]), Britain’s largest bank, for money-laundering, terrorist funding and tax evasion. Here are a few key details about the scandal:

-Alyssa Oursler, InvestorPlace Editorial Assistant

  1. allegations have been made: http://www.ibtimes.co.uk/articles/363997/20120717/hsbc-david-bagley-head-compliance-money-laundering.htm
  2. HSC: http://studio-5.financialcontent.com/investplace/quote?Symbol=HSC
  3. The Wall Street Journal reports: http://online.wsj.com/article/SB10001424052702303754904577532633575159476.html

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