Breaking News

FBI Confirms North Korean Government Is Responsible for Sony Hack
Tweet TWEET

HSBC Money-Launder Probe `Very Distressing,' Antos Says

James Antos, a Hong Kong-based analyst at Mizuho Securities Asia Ltd., talks about the business outlook for HSBC Holdings Plc. (HSBA) amid allegations of illegal activities by the bank.

HSBC said it’s likely to face criminal charges from U.S. anti-money-laundering probes and the cost of a settlement may "significantly" exceed the $1.5 billion the bank has set aside. Antos speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

Running time 05:25

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.