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Midweek Roundup: SEC Investigates Citigroup, HSBC Anticipates $773 Million in Legal Costs, and More
printCitigroup Inc. disclosed that it is under investigation by the U.S. Securities and Exchange Commission and other U.S. agencies for allegedly hiring individuals connected to foreign government officials to secure business, The Wall Street Journal reported. More HSBC said it has put aside $773 million to cover legal costs stemming from ongoing investigations by authorities in the United States, France, Belgium, Argentina and India who suspect the lender of violating anti-money laundering rules and helping clients evade taxes, according to PTI. More Standard Chartered Bank said it expects New York regulators to extend the term of the independent monitoring to...
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