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HSBC

HSBC global profits halve to $5bn

HSBC's half-year profits drop by half to $5bn (£2.98bn) amid rising bad debts in the US, Europe and Asia. Ref. Source 7

HSBC

HSBC admits huge Swiss data theft

About 24,000 clients of HSBC's private banking operation in Switzerland had personal details stolen, the bank admits. Ref. Source 1

HSBC History & Civil Business Politics

HSBC Holdings will pay at least $1.9 billion to settle U.S. Probes of money laundering allegations involving Europe's largest bank. Ref. USAToday

HSBC

HSBC Couldn't Track $60 Trillion in Suspicious Activity?:

HSBC was able to track Eliot Spitzer's 3 deposits to a holding account for an escort service. But they couldn't track $60 trillion in suspicious activity transfers from drug cartels and al-Qaeda that benefited them? Could it be because Spitzer was investigating the banks? Cenk Uygur breaks down the financial hypocrisy. Ref. Source 7