You are here

SUBSCRIBERS

HSBC makes US$378m provision for likely forex penalty

London

HSBC Bank on Monday took a US$378 million charge linked to allegations of foreign exchange market rigging, and posted mixed earnings for the third quarter.

The Asia-focused lender added in a results statement that talks were ongoing with Britain's Financial Conduct Authority...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes