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