HSBC avoided US money laundering charges because of ‘market risk’ fears
US officials refused to prosecute HSBC for money laundering in 2012 because of concerns it would cause a “global financial disaster”, a report says. BBC News – Business
US officials refused to prosecute HSBC for money laundering in 2012 because of concerns it would cause a “global financial disaster”, a report says. BBC News – Business
China’s commerce minister says the outlook remains grim for the global economy despite it having overcome the impact of the 2008 financial crisis. BBC News – Business
Borrowing money on an unarranged overdraft from your bank can be more expensive than taking out a payday loan, according to Which? BBC News – Business
The UK is launching its first trade mission since the referendum as Business Secretary Sajid Javid meets the Indian government in Delhi. BBC News – Business
Global stock markets fall and the pound hits a fresh 31-year low as worries over the UK’s vote to leave the European Union continues to rattle markets. BBC News – Business
The former owner of failed High Street retailer BHS has described the £2.6m he took out of the company as a “drip in the ocean” in an interview with BBC Newsnight. BBC News – Business