Business – 11 December 2012

HSBC Is Said to Avoid Charges Over Laundering

Written by BEN PROTESS and JESSICA SILVER, Published on NY Times

State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.

Stocks edge higher, with Dow boosted by McDonald’s

Written by STEVE ROTHWELL, Published on Kansas City

Stocks edged higher Monday after a strong sales report from McDonald’s offset concerns about the surprise resignation of Italy’s prime minister. Investors also waited for developments in crucial U.S. budget talks.

UK banks hit by record $2.5bn US fines

Written by Shahien Nasiripour and Kara Scannell, Published on FT.Com

HSBC and Standard Chartered, the two biggest UK banks by market value, are to pay more than $2.5bn in fines as part of record settlements with US authorities over money laundering allegations.

U.S. Treasury announces final AIG stock sale

Published on Green Ville Online

The U.S. government said Monday that it is selling its remaining shares of American International Group stock, moving to close the books on the government’s biggest bailout during the 2008 financial crisis.

Global News: Delta Nears Deal for Stake in Virgin Atlantic

Written by Doug Cameron and Marietta Cauchi, Published on WSJ

Delta Air Lines Inc. is close to striking a deal to acquire a 49% stake in Virgin Atlantic Airways Ltd.,

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