**HSBC MONEY LAUNDERING**
A U.S. Senate investigation has found poor controls at the global bank HSBC allowed Mexican drug traffickers and other criminals to launder billions of dollars into the United States.
A report released before a Senate hearing on the matter Tuesday said the London-based bank also did business with firms linked to terrorism and bypassed U.S. financial sanctions against rogue states such as Iran.
It said HSBC executives and U.S. regulators routinely ignored warning signs and failed to stop illegal behavior between 2002 and 2010, effectively giving criminals and terrorists a portal into the U.S. financial system.
HSBC has released a statement saying its executives will apologize at the Washington hearing, during which lawmakers will question bank officials and U.S. regulators.
**North Korea Names New Army Vice Marshall **
North Korea has named a new vice marshal of its army, continuing a reorganization of the country's military leadership.
State media says the Central Military Commission of the Workers' Party and the National Defense Commission promoted Hyon Yong Chol to the post.
Little is known about Hyon, who was elevated to the rank of general in September 2010.
His appointment follows the surprise departure of the country's top military figure, Ri Yong Ho, who was a top advisor to leader Kim Jong Un and had led the army since 2009. North Korea said Ri had been removed from all of his posts because of illness.