FIRSTPOSTYOUSPEAK FAKING NEWS
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HSBC IMAGE.
People walk past a logo of HSBC headquarters in Hong Kong Monday, July 30, 2012. HSBC PLC is to take a $700 million charge to cover the cost of U.S. fines arising from its failure to stamp out money-laundering at the bank. The provision was announced as the bank reported an 11 percent gain in pretax profit in the first half of the year, boosted by $4.3 billion in gains from asset sales.

People walk past a logo of HSBC headquarters in Hong Kong Monday, July 30, 2012. HSBC PLC is to take a $700 million charge to cover the cost of U.S. fines arising from its failure to stamp out money-laundering at the bank. The provision was announced as the bank reported an 11 percent gain in pretax profit in the first half of the year, boosted by $4.3 billion in gains from asset sales.