Shares in HSBC Holdings Plc were down 0.3 percent in early trading in London after the bank said it has agreed to pay $1.9 billion to settle a U.S. probe into money-laundering lapses.
HSBC admitted to a breakdown of controls and apologized in a statement announcing it had reached a deferred-prosecution agreement with the U.S. Department of Justice.
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Shore Capital analyst Gary Greenwood said the settlement had been well flagged and was largely anticipated by the market.
Oriel Securities said the fine was higher than expected but removed a long-running investment uncertainty.
(Reporting by Matt Scuffham)