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Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 696.40
Bid: 693.50
Ask: 693.70
Change: 3.60 (0.52%)
Spread: 0.20 (0.029%)
Open: 693.90
High: 696.40
Low: 691.00
Prev. Close: 692.80
HSBA Live PriceLast checked at -

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PRESS: Banks Facing US Probes Over FIFA Corruption Scandal - WSJ

Fri, 24th Jul 2015 05:47

LONDON (Alliance News) - US authorities have ramped up investigations into whether banks should have raised concerns about money flows linked to alleged corruption at football governing body FIFA, The Wall Street Journal reports.

In separate probes, the Brooklyn US Attorney's office and the New York State Department of Financial Services have contacted more than half a dozen banks in connection with FIFA corruption, including HSBC Holdings PLC, Standard Chartered PLC and Barclays PLC.

The probes are understood to be focused on the banks' money-laundering controls, which have increasingly come under regulatory scrutiny in recent years.

http://www.wsj.com/articles/u-s-authorities-probe-banks-handling-of-fifa-funds-1437682616

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

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