HSBC has to pay US$192 million

HSBC's Swiss private bank consented to take care of US$192.4 million in punishments and relinquishment to end a long-running request in which it confessed to plotting with US citizens to assist them with abstaining from paying assessments on as much as US$1.26 billion in undeclared resources, the US Department of Justice said on Wednesday. HSBC Private Bank (Suisse) consented to participate completely with the Justice Department and the In....