HSBC (HBC) is reportedly under investigation by the Senate over charges related to money...

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

HSBC (HBC) is reportedly under investigation by the Senate over charges related to money laundering, according to inside sources. While the global bank will only confirm having "discussions" with regulators, if a full-blown Congressional hearing comes off in the spring it has the potential to turn ugly for HSBC's reputation. Shares -1.2%.