HSBC and four other banks raided for money laundering and tax fraud

The headquarters of five major banks in Paris were raided on Tuesday, as part of an investigation by the French National Financial Prosecutor's Office, for alleged tax fraud and money laundering, and the entities could face fines of more than 1.1 billion dollars. The raids affected the Paris offices of the banks Société Générale, Natixis, HSBC, BNP Paribas…