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HSBC to Pay More than $1.9B for Money Laundering

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Description
FBN’s Lori Rothman with an afternoon market update, plus news that HSBC will pay the largest fine ever for a bank, more than $1.9 billion, for a mon...
Duration 0:58
Date Dec 11, 2012

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I'm Lori Rothman with your Fox Business -- within this department announcing British banking giant HSBC.

We'll pay more than one point nine billion dollars -- -- money laundering probe.

Marking the largest penalty ever -- by a bank HSBC was charged with laundering funds for Iran as well as Mexican drug cartels.

-- airlines is buying a 49%.

Stake in Virgin Atlantic from Singapore Airlines price tag 360 million Virgin Atlantic founder.

And will retain the majority 51 cent stake.

Along with its branded operating certificate and and -- -- I think maybe facing massive attacks on their website.

This after a group associated with Islamic terrorism posted on the message board that it.

Will be targeting JPMorgan Chase Bank America US Bancorp PNC financial.

SunTrust Banks that's the latest from the Fox Business Network giving -- -- part -- --