HSBC puts aside £236m for foreign exchange investigation

HSBC has put aside £236 million to cover a regulatory investigation into the rigging of foreign exchange (forex) markets, the bank has revealed.

It means the total set aside by the UK major banks so far to more than £1 billion after Barclays and Royal Bank of Scotland said last week that they were putting aside £500 million and £400 million respectively.

HSBC has also added £438.9 million to its bill for customer redress in the UK, including for the mis-selling of payment protection insurance (PPI).

The company's reported profits for the three months to September 30 were 2% higher at £2.88 billion.