HSBC 'sorry for mistakes'
HSBC chairman has apologised for making "mistakes in the past, and for them I am very sorry." They have set aside £446m top pay for the money laundering scandal and £495m for mis-selling of PPI and credit swaps.
HSBC share price hit by money laundering report
HSBC has seen its value take a knock after being condemned by a US Senate committee for money laundering.
The banking giant's shares closed down 9.4 pence in London, a 1.69 % drop.
The group is set for a massive fine from the US Justice Department, which some analysts estimate could be $1 billion.
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