HSBC takes $2 billion hit for U.S., UK scandals

http://www.reuters.com/article/2012/07/30/us-hsbc-earnings-idUSBRE86S0T520120730

Revelations of lax anti-money laundering controls at HSBC are "shameful and embarrassing" for Europe's biggest bank, its boss said on Monday, and it may have to pay out well over $2 billion for the scandal and in compensation for UK mis-selling.