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HSBC faces U.S. compliance issues, Libor scrutiny
Reuters – The threat that HSBC faces a big U.S. fine for lax controls in its anti-money laundering systems and the risk it will be pulled deeper into an interest rate manipulation probe are set to overshadow strong half-year profits on Monday. HSBC, Europe’s biggest bank, is expected to unveil a half-year pretax profit of more than $12 billion, making it one of the most profitable lenders in the world. Read Article
Tags: banks, debt wealth, Europe, financial system, North America
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