HSBC Can Manage Possible Settlement, Maughan Says

HSBC Can Manage Possible Settlement, Maughan Says Play

Nov. 4 (Bloomberg) -- Simon Maughan, a financial industry strategist at Olivetree Securities, talks about HSBC Holdings Plc's statement today that said it’s likely to face criminal charges from U.S. anti-money-laundering probes and the cost of a settlement may “significantly” exceed the $1.5 billion the bank has set aside. Maughan speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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