Topic: Stuart Levey
HSBC avoided a damaging legal battle Tuesday by agreeing to pay $1.9 billion to settle a US money laundering probe. The HSBC settlement will be the biggest penalty ever imposed on a bank.
HSBC money laundering comes under the microscope in a Senate hearing. Bank officials promise to shut down operations in the Cayman Islands, tied to HSBC money laundering.
President Obama signed an executive order Monday that adds to the list of North Korea sanctions. This one targets North Korean entities involved in activities such as drug trafficking and arms sales.
08/30/2010 07:07 pm
Iran and its muscle flexing across the Persian Gulf will be at the heart of Hillary Clinton’s visit to Saudi Arabia and Qatar.
02/10/2010 05:39 pm
As North Korea cargo ship returns home, US and UN officials claim a victory for tighter sanctions.
07/07/2009 01:00 am
An Iranian company is the first to be penalized as the US uses stricter financial sanctions to curb Pyongyang's weapons program.
07/01/2009 01:00 am
Despite President Obama's offer to extend a hand if Iran 'unclenched its fist,' Iranian officials say his choice of diplomats calls into question his commitment to change.
02/05/2009 12:00 am
Almost all illegal activity relies on access to the financial system. By blocking that, we block them.
12/24/2008 12:00 am