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HSBC Money Laundering Scandal Draws In Trade Minister

Going, Going, Green

The trade minister, Lord Green, has been drawn into the HSBC money laundering scandal after Labour warned that he has 'serious questions' to answer about the way the bank laundered money for drug cartels, terrorists and pariah states while he was at the helm.

Bank Of America To Cut More Costs

Brian Moynihan

Bank of America, shaking off some of the drag caused by faulty mortgages, swung to a second- quarter profit as losses in real estate narrowed and the company set aside less for bad loans.