GENEVA, June 4 (Reuters) - Geneva's prosecutor said onThursday the settlement with HSBC over its Swissprivate bank does not affect its employees.
"The solution found concerns only criminal responsibility ofthe bank ... This closing of the affair absolutely does notaffect former employees," Geneva's chief prosecutor YvesBertossa told a news conference, adding that there have been nocharges against current employees.
Earlier, HSBC said it had agreed to pay the authorities inGeneva 40 million Swiss francs ($42.80 million) to settle aninvestigation into allegations of money laundering at its Swissprivate bank.
($1 = 0.9346 Swiss francs) (Reporting by Stephanie Nebehay; Writing by Joshua Franklin;Editing by Pravin Char)
HSBC Holdings (HSBA)