U.S. Probe Finds HSBC Aided Money-Laundering

HSBC Holdings Plc did business with firms linked to terrorism, let money-laundering safeguards in its Mexico operations erode and circumvented U.S. sanctions against Iran, according to U.S. Senate investigators.

Spence: Politically Piling on Fed Is 'Not Helpful'
12:41 - NYU Economics Professor Michael Spence talks about the risks of reducing monetary policy without the backing of fiscal policy and political criticism of the Federal Reserve. He speaks with Bloomberg's Tom Keene on "Bloomberg Surveillance." (Source: Bloomberg)
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