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Insight: U. S. probe of HSBC tangled up in bureaucracy, infighting

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(Reuters) – In the second half of 2010, a senior federal prosecutor in West Virginia drafted an impassioned plea to his bosses in Washington to end infighting as multiple government agencies pursued a high-stakes investigation of HSBC Holdings Plc. William Ihlenfeld II had been fighting a losing battle against fellow prosecutors in Washington and Brooklyn, who were jointly conducting a parallel probe into the British bank’s controls over illicit transactions. Ihlenfeld, the U. S. . . .

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