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U.S. Authorities to Settle with HSBC for Record $1.9B

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  • Description

    FBN’s Adam Shapiro on HSBC’s settlement with U.S. authorities.

  • Duration 0:57
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I'm Adam Shapiro Olivia Fox Business -- the Wall Street Journal reports US authorities are preparing to announce a record one point nine million dollar settlement.

-- HSBC to -- multiple investigations.

-- the bank -- possible money laundering HSBC admitted to pour money laundering controls last summer following the US senate investigation.

The journal reports the settlement could be announced as early as Tuesday.

PetSmart and Limited Brands are the latest in a long list of US companies offering special one time payments or accelerated dividends before scheduled tax hikes.

In the new year.

PetSmart has declared a special cash dividend of sixteen and a half cents a share payable to investors December 31 the fourth quarter dividend.

Normally would have been -- February Limited Brands declared a special dividend of three dollars a share payable December 26.

That's the latest from the Fox Business Network giving you the power to --

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