You are here

Banks' misconduct costs a major risk for shareholders

As at end-2013, 10 banks had incurred total costs - including fines, settlements and provisions - of £157.4b

BT_20141105_NBRISK5_1351808.jpg
HSBC has provided for US$1.6 billion to cover the cost of forex-related matters, legal settlements and customer payout.

London

MULTIBILLION-DOLLAR US, European and Asian regulatory fines, settlements and civil litigation over alleged misconduct have become a major risk for bank shareholders.

Banks that hit the headlines this week were HSBC and JP Morgan following numerous other examples in the past

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom