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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

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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

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