MEXICO CITY – Mexican regulators have levied a $28 million fine against the Mexico subsidiary of London-based HSBC bank for failing to prevent money laundering through accounts at the bank.

HSBC after all, has come under focus for alleged failures relating to its business in Mexico. The bank has been fined by Mexican regulators and faces ongoing investigations by the U.S. Justice ...

(Reuters) - In February 2008, Mexican authorities told the CEO of HSBC Holdings Plc's Mexico unit that a local drug lord referred to the bank as the "place to launder money," U.S. prosecutors said ...

The British bank came under fire on Monday when a US Senate report said HSBC ignored risks in doing business in countries such as Mexico, which is rife with drug-trafficking.

NEW YORK (CNNMoney) -- Global banking giant HSBC failed to prevent billions of dollars worth of money transfers that Senate investigators believe were linked to drug cartels and terrorist groups ...

HSBC Holdings PLC HSBC is considering retrenching its retail operations outside the U.K. and Hong Kong, particularly in Mexico, to mitigate costs further and focus on wealthier “premier” clients.

Europe's biggest bank HSBC will inject $4 billion into its private credit funds, amid a wider push by banks into the booming ...

Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds ...