RT.com
Published: 30 July, 2012, 15:06
HSBC has set aside nearly $2bln to cover potential money-laundering charges as the bank’s pre-tax profits surpass $12 billion, making it one of the most profitable lenders in the world.
The bank profited primarily from $4.3bn in asset sales. HSBC has had to set aside $1.3bln to cover UK miss-selling compensation and $700 million to cover possible US fines over money laundering accusations.
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