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British Bank HSBC Makes $2 Billion Settlement

British Bank HSBC Makes $2 Billion Settlement on Money Laundering Charges

12/11/2012

PBS News Hour

British Bank HSBC Makes $2 Billion Settlement

Clip: 12/11/2012 | 6m 14s

British Bank HSBC Makes $2 Billion Settlement on Money Laundering Charges

British bank HSBC is expected to pay $2 billion in a settlement over charges of laundering money on behalf of sanctioned nations such as Iran, Sudan and Cuba, and criminal Mexican drug cartels. Judy Woodruff talks to Wall Street Journal's Devlin Barrett on whether this $2 billion settlement will prove a valuable lesson to HSBC.

12/11/2012

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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