Global:
HSBC, Standard Chartered face U.K. probe over Gupta tiesBloomberg U.K. regulators are looking into whether HSBC Holdings Plc and Standard Chartered Plc facilitated money-laundering as a result of possible ties to South Africaâs politically powerful Gupta family. The Financial Conduct Authority probe comes after Peter Hain, a member of the unelected House of Lords, wrote a letter raising concerns about the banksâ possible exposure to the Guptas.