HSBC makes US$378m provision for likely forex penalty

Tue, Nov 04, 2014 - 5:50 AM

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...

HSBC results
forex market rigging

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