Lynch faces HSBC questions

Loretta LynchBy The Iowa Statesman


President Barack Obama’s nominee for attorney general is defending her office’s handling of a money-laundering investigation involving British bank HSBC, saying the deal carried stern penalties even though no individual executives were prosecuted.

According to the Associated Press, Senate Republicans have delayed a vote on Loretta Lynch’s confirmation and said they had more questions, including about a 2012 deal in which HSBC agreed to pay $1.9 billion to resolve the investigation. The Senate Judiciary Committee is expected now to vote next week, though other questions from committee members remain outstanding.