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HSBC's Saudi Division Made $42 Million Provisions to Pay Fines
HSBC Holdings Plc’s Saudi unit made provisions of 162 million riyals ($42 million) over the past two years to pay levies imposed for breaching regulations over 12 years and cover the expense of future fines, according to financial statements published on its website. HSBC Saudi Arabia Ltd. made the provisions…
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Click here to read the full story: Bloomberg