Home Economics HSBC Sets Aside $378M For Forex Probe

HSBC Sets Aside $378M For Forex Probe

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(Reuters) – HSBC Holdings missed expectations with a 12 percent drop in underlying third-quarter earnings and set aside $378 million (236.29 million pounds) to cover a potential fine from the UK regulator for alleged manipulation of currency markets. Europe’s largest bank blamed higher costs, up 6 percent, for the slide in earnings. In addition to the…

HSBC Sets Aside $378M For Forex Probe

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