HSBC's dirty laundry to cost a packet

Europe's largest bank HSBC reported a jump in profits as management begged forgiveness for the money laundering scandal that has engulfed the bank.

Europe's largest bank HSBC reported a jump in profits as management begged forgiveness for the money laundering scandal that has engulfed the bank.

The bank posted a reported profit before tax of $12.7bn, 11% higher than in the first half of 2011.

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