Cultura
HSBC to pay $43 million in Geneva money laundering probe
The bank said in a statement that the payment was compensation to local authorities for past organizational failings and that no criminal charges would be filed.
In February, Geneva's public prosecutor searched HSBC's lakeside Swiss office as part of its probe.
(Reporting by Joshua Franklin in Zurich and Stephanie Nebehay in Geneva; Editing by Noah Barkin)