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 ...

Mexico may be ready by next week to put retaliatory tariffs on steel from the U.S. in response to action taken by President Donald Trump, said HSBC economist Jose Carlos Sanchez, who called this is "a ...

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.

The Senate investigation quoted an HSBC email lamenting how the bank would lose $2.6 billion in revenue from U.S. dollar accounts that it was forced to close because of the Mexico fiasco.

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 agreed to acquire Grupo Financiero Bital SA, Mexico's fifth-largest bank in terms of assets, for as much as $1.14 billion (€1.16 billion). HSBC said its offer of about $1.20 ...

Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...

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 ...