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Midweek Roundup: HSBC Settles US Charges, UK Regulatory Fines Increase Sixfold, and More

HSBC agreed to pay $192 million to settle U.S. charges of helping Americans conceal more than $1 billion in taxable income, the Financial Times reported. More The U.K. Financial Conduct Authority has assessed £392 million in fines thus far in 2019, a sixfold increase from the previous year, the Financial Times reported. More Deutsche Bank agreed to pay German authorities €15 million to settle claims that the lender failed to report suspicious funds involving clients of a former subsidiary in the British Virgin Islands, but prosecutors dropped their investigation into two directors in the bank's compliance and wealth management units...

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