HSBC may pay 1.1bn pound settlement in US

Europe's largest bank by market capitalization, HSBC, may pay a fine of 1.1bn pounds(1.8bn dollars) in the US to settle charges from US law enforcement authorities that it permitted money-laundering, Reuters reported on Thursday morning citing several people familiar with the matter.

Europe's largest bank by market capitalization, HSBC, may pay a fine of 1.1bn pounds(1.8bn dollars) in the US to settle charges from US law enforcement authorities that it permitted money-laundering, Reuters reported on Thursday morning citing several people familiar with the matter.

The accord may be signed as soon as next week, the news agency said.

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