HSBC legal costs rise by $1.1 bln, shares slump

Associated Press
HSBC legal costs rise by $1.1 bln, shares slump

FILE - In this July 30, 2012, file photo, ,People walk past a logo of HSBC headquarters in Hong Kong. HSBC, Europe's biggest bank, has set aside an additional $1.15 billion to cover potential U.S. fines for money laundering by its Mexican unit and penalties for mis-selling payment protection insurance. (AP Photo/Vincent Yu, File)

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