AOL.com Video - HSBC to Pay Record $1.9bln Fine

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HSBC to Pay Record $1.9bln Fine

Description:Laundering drug money and illicit fund transfers to Iran - not the sort of deals usually associated with HSBC. But the UK bank has been fined nearly 2 billion dollars by US authorities with further fines expected in the UK. It's the largest penalty ever paid by a bank. But HSBC had already set aside $1.5 billion to cover the fines, and with share prices rising slightly in morning trade, investors appear unrattled by the latest scandal. (2:10)

Source: Reuters

Tags: reuters , barclays , Chris Wheeler , david jones