- HSBC (NYSE:HSBC) has set aside another $550M to cover potential fines for alleged manipulation of foreign exchange markets and warned it could face a $500M bill to compensate U.S. customers for debt protection products it offered before May 2012.
- The bank paid $611M to global regulators in November when it was one of six institutions fined over allegations of price fixing and manipulating benchmarks in the $5T-a-day forex market.
HSBC sets aside more cash for fines, compensation
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