09:57 AM EDT, 07/30/2025 (MT Newswires) -- HSBC Holdings ( HSBC ) said Wednesday that HSBC Private Bank Suisse is being investigated by Swiss and French law enforcement authorities for alleged money laundering in connection with "two historical banking relationships."

The probes are at an early phase, the company said.

HSBC ( HSBC ) said any possible impact on the company "could be significant" but based on the known facts right now, "it is not practicable... to predict the resolution of these matters."

The company's shares were down more than 4% in recent trading.

Price: 62.67, Change: -2.38, Percent Change: -3.66