HSBC (HBC) is in talks with U.S. authorities about settling allegations that it broke U.S. law...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

HSBC (HBC) is in talks with U.S. authorities about settling allegations that it broke U.S. law through its dealings with various rogue nations and other sins, Bloomberg reports. HSBC has already set aside $700M of provisions for any U.S. fines. The report follows S&P yesterday lowering its outlook on HSBC to negative from stable, and asking whether HSBC is too big to be managed.