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People and MarketsBank Results

HSBC results flat as it swallows US and UK penalties

HSBC doorway

HSBC’s third quarter profits and revenues were flat on last year's, as a punchy performance from the markets division was swallowed up by yet more conduct charges, including a $701m provision for payment protection insurance, a $550m US mortgage settlement, and a $378m provision against the Financial Conduct Authority’s foreign exchange investigation.

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