HSBC Sets Aside $2B For Money Laundering, Sales Woes

By Keith Goldberg (July 30, 2012, 3:57 PM EDT) -- HSBC Holdings PLC said Monday that it has set aside $2 billion to deal with its legal troubles, including $700 million to cover expected fines by U.S. authorities over the bank's failure to prevent money laundering by Mexican drug cartels and customers with ties to Iran....

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