HSBC Private Bank, the Swiss subsidiary of British banking group HSBC, said on Friday it has been charged in Paris with money-laundering.

[PARIS] HSBC Private Bank, the Swiss subsidiary of British banking group HSBC, said on Friday it has been charged in Paris with money-laundering.

"In this context, a guarantee of 50 million euros has been demanded of HSBC Private Bank. We will continue to cooperate with the French authorities as much as possible," HSBC said in a statement sent to AFP.

AFP