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HSBC to pay $43 million to settle Swiss money laundering probe of private bank branch

GENEVA – HSBC says it will pay 40 million Swiss francs ($43 million) to settle a money laundering investigation by Geneva prosecutors into its Swiss subsidiary. Prosecutors have said they were investigating HSBC Private Bank (Suisse) SA and persons unknown for suspected aggravated money laundering. The investigation unfolded after an …

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Swiss diplomat Heidi Tagliavini to give up role as OSCE representative in Ukraine conflict

BERLIN – The Swiss government says diplomat Heidi Tagliavini plans to step down as the Organization for Security and Cooperation in Europe’s representative in talks between Moscow, Kiev and pro-Russian rebels in Ukraine. Tagliavini, who previously worked on crises in places including Chechnya and Georgia, has played a low-key but …

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Officials in Egypt say attacks in northern Sinai Peninsula kill 1 soldier, wound 5

EL-ARISH, Egypt – Egyptian security and hospital officials say two militant attacks in the restive northern part of the Sinai Peninsula have killed one soldier and wounded four. In one Monday attack, they say fighters ambushed a military checkpoint near the town of Sheikh Zuweyid, firing several mortar shells that …

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