HSBC will pay $1.9 billion (£1.2 billion) to settle a money-laundering probe by US federal and state authorities, the largest paid in such a case. A US Senate investigation said it had been a conduit for "drug kingpins and rogue nations".
A law enforcement offical said an announcement on the settlement could happen as early as Tuesday, according to the Associated Press.
The UK-based bank allegedly helped launder money from drug cartels and on behalf of nations under international sanctions.
HSBC previously admitted having poor money laundering controls following a US Senate investigation.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.