Bloomberg News

Prosecutors Ask HSBC Judge to Approve $1.9 Billion Accord

January 30, 2013

Prosecutors asked a federal judge to approve HSBC Holdings Plc (HSBA)’s $1.9 billion settlement of charges that it enabled drug cartels to launder millions of dollars in trafficking proceeds.

To contact the reporter on this story: Christie Smythe in Brooklyn at csmythe1@bloomberg.net

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net


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