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Weekly Roundup: U.S. Attorney General Nominee Defends HSBC Settlement, Turkish Bank Plans to Sue Pro-Government Newspapers, and More
printU.S. Attorney General nominee Loretta Lynch has told lawmakers that the strict penalties levied against HSBC as part of the Justice Department's 2012 deferred prosecution of the bank justified her approval of the $1.9 billion settlement, the Washington Post reported Thursday. The Senate Judiciary Committee is expected to vote this month on Lynch's nomination after delaying their decision over concerns with the settlement, which also required the bank to upgrade its anti-money laundering program. More U.K. Chancellor George Osborne said that his office would not direct investigators to target HSBC or any of its current and former employees with prosecutions,...
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