hsbc takes 700 mn hit for money laundering fines
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

HSBC takes $700 mn hit for money laundering fines

Egypt Today, egypt today

Egypt Today, egypt today HSBC takes $700 mn hit for money laundering fines

London - AFP

HSBC said Monday it took a provision of $700 million (571 million euros) to cover fines for failing to apply anti-money laundering rules but warned the overall cost could be "significantly higher." The bank also said that its six months to June net profit fell 8.0 percent from a year earlier to $8.44 billion.

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hsbc takes 700 mn hit for money laundering fines hsbc takes 700 mn hit for money laundering fines



 
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