HSBC sets aside $378m in currency probe

HSBC has set aside $378m (£237m) to cover potential costs from investigations into currency trading.
HSBC is among several banks being investigated over the alleged rigging of currency markets.
The bank also set aside $589m (£368.2m) for potential further PPI insurance mis-selling claims.
"Despite the rising regulatory expectations, I am confident our business model remains sustainable," said HSBC boss Stuart Gulliver.
HSBC disclosed the figures as it reported a rise in pre-tax profits for the third quarter to $4.6bn from $4.5bn a year ago.
Last week, Barclays set aside £500m and RBS reserved £400m to cover costs from the currency market investigation.
HSBC said discussions were "ongoing" with the UK financial watchdog The Financial Conduct Authority (FCA), over its foreign exchange investigation relating to "one part of its spot FX trading business in London", according to a news agency.