HSBC profit hit by multiple misconduct provisions

By November 3, 2014Bitcoin Politics

U.K. bank sets aside $1.6 billion for three separate issues–and may face penalties for helping French clients to evade taxes.

HSBC Holdings Plc HBC became the latest of the world’s top banks to book a hefty charge against earnings as it prepares to settle with regulators over allegations of manipulating the foreign exchange market.

HSBC’s announcement follows similar ones from Lloyds Banking Group Plc LYG , Royal Bank of Scotland Plc RBS , Deutsche […]

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