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AP source: HSBC to pay $1.9B to settle probe

HSBC, the British banking giant, will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said Monday.

 

DealBook: HSBC Settles Madoff Claims for $62.5 Million

HSBC agreed on Tuesday to pay $62.5 million to settle class action claims by investors in a fund that had invested with Bernard L. Madoff.

 

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