Topic: Richard Hunter
HSBC has set aside an additional $1.5 billion to cover US money laundering fines. Europe's biggest bank, HSBC is under fire for failing to stop money laundering in its Mexican unit.
Sky, the news channel of BSkyB, said his resignation would be confirmed later Tuesday after an unscheduled board meeting.
Three major lenders were rescued on Monday as the global credit crisis spread.
09/30/2008 01:00 am