HSBC money laundering hit to be big

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HSBC has said is likely to face criminal charges in the US over a failure to prevent money laundering.

Europe's biggest bank also anticipated a fine significantly bigger than the 1.2 billion euros it had earlier made provision for.

That statement came as the London-based lender reported an underlying quarterly profit of 3.9 billion euros.

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http://www.euronews.net/

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