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money laundering

Business

HSBC's profits plunge dragging down share price

Europe's biggest bank HSBC saw annual pre-tax profit slump 62 percent with hefty writedowns and warned its revenues could fall again this year.

Europe's biggest bank HSBC saw annual pre-tax profit slump 62 percent with hefty writedowns and warned its revenues could fall again this year.

Business

Deutsche Bank fined over Russian money laundering

Deutsche Bank failed to prevent around $10 billion (9.29 billion euros) in suspicious trades out of Russia between 2011 and 2015.

Deutsche Bank failed to prevent around $10 billion (9.29 billion euros) in suspicious trades out of Russia between 2011 and 2015.