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Midweek Roundup: Infighting Reported to Slow HSBC Case, Standard Chartered Finalized Settlement, and More

The U.S. Justice Department's long-running investigation of HSBC Holdings Plc has been stymied in part by disagreements among multiple agencies, Reuters reported. In one instance, department officials told William Ihlenfeld II, the U.S. attorney in Wheeling, WV, to not indict the bank on as many as 175 counts of money laundering. The incident and other infighting have delayed investigations, the news agency said. More Standard Chartered Bank finalized its $340 million settlement with New York State Friday for providing U.S. dollar clearinghouse services to Iran between January 2001 and 2007. More The controversial settlement mandates that the London-based bank hire...

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