US law chief defends HSBC probe action

President Barack Obama’s nominee for attorney general has defended her office’s handling of a money-laundering investigation involving British bank HSBC.

US law chief defends HSBC probe action
Thu, 19 Feb, 2015 - 18:13

President Barack Obama’s nominee for attorney general has defended her office’s handling of a money-laundering investigation involving British bank HSBC.

In 2012 the bank agreed to pay $1.9bn to settle the investigation, in a deal sparing individual executives from prosecution.

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CourtsBusinessHeathrowPlace: USPlace: Eastern District of New YorkPlace: IowaPerson: President Barack ObamaPerson: Loretta LynchPerson: Senator Chuck GrassleyPerson: LynchOrganisation: HSBCOrganisation: SenateOrganisation: Senate Judiciary CommitteeOrganisation: Justice Department
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