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Weekly Roundup: Capital One Confirms US Investigation, HSBC Admits Poor Record Keeping on Longstanding Clients, and More
printU.S. authorities have been investigating Capital One Financial Corp. since last year for suspected violations of anti-money-laundering requirements, according to an annual securities filing and bank source cited by The Wall Street Journal. More HSBC Chairman Douglas Flint said the bank is "bedeviled" by incomplete or outdated records for longstanding clients, the Financial Times reported. More A New York federal court convicted Sinaloa cartel boss Joaquin "El Chapo" Guzman of trafficking narcotics to the United States and transporting millions of dollars in profits back to Mexico, the U.S. Justice Department said in a statement. More Swiss prosecutors are investigating private...
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