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Spectre Of FX Scandal Returns To Haunt HSBC
The spectre of the foreign exchange-rigging scandal will return to haunt HSBC on Monday when it sets aside hundreds of millions of pounds more to cover future settlements with regulators. Sky News has learnt that Europe’s largest bank will disclose in its interim results that it is adding a substantial sum to the $550m (£352m) provision it has already allocated to resolve a number of investigations on both sides of the Atlantic. Insiders said on Sunday that HSBC would announce an overall charge of well over $1bn (£640m) to cover conduct issues including the FX probes, but said that it would not provide a breakdown of the ... (full story)
The spectre of the foreign exchange-rigging scandal will return to haunt HSBC on Monday when it sets aside hundreds of millions of pounds more to cover future settlements with regulators. Sky News has learnt that Europe’s largest bank will disclose in its interim results that it is adding a substantial sum to the $550m (£352m) provision it has already allocated to resolve a number of investigations on both sides of the Atlantic. Insiders said on Sunday that HSBC would announce an overall charge of well over $1bn (£640m) to cover conduct issues including the FX probes, but said that it would not provide a breakdown of the ... (full story)
