HSBC share price analysis: buy for the 7% dividend yield
HSBC (LON: HSBA) share price has been in the spotlight this week after a Swiss regulator ruled that its private bank violated money laundering rules. It then imposed some penalties, including an order to carry out AML reviews on its high-risk clients. The new ruling comes over a decade after HSBC was handed a $1.9 billion fine for facilitating money laundering for Mexican cartels. It has also paid more fines in Europe and the US over the years. The stock ignored the ruling and bounced back by 0.50%, ending the day at 686p, a few points above last week’s low of 670p. It has jumped by over 10% t...