HSBC - More Provisions for Past Mistakes
Financial Times
2019-03-04
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HSBC added $1.1bn to its provisions to cover US fines and UK compensation to those who have been mis-sold payment protection insurance, dragging down profits for the third quarter of the year. Lex's Vincent Boland and Oliver Ralph look at whether this is the end of the matter for the bank.
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For more video content from the Financial Times visit http://www.ft.com/video
HSBC added $1.1bn to its provisions to cover US fines and UK compensation to those who have been mis-sold payment protection insurance, dragging down profits for the third quarter of the year. Lex's Vincent Boland and Oliver Ralph look at whether this is the end of the matter for the bank.
Related Articles:
http://www.ft.com/intl/cms/s/0/08d6d902-2726-11e2-abcb-00144feabdc0.html
http://www.ft.com/intl/cms/s/0/7c985fcc-2759-11e2-abcb-00144feabdc0.html
For more video content from the Financial Times visit http://www.ft.com/video
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