DealBook – HSBC Profit Rises; Bank Is Cooperating With Foreign Exchange Inquiry – 4 November 2013

DealBook

By JULIA WERDIGIER

LONDON – HSBC, Britain’s biggest bank, said on Monday that third-quarter earnings rose 10 percent from the period a year earlier, helped by its cost-reduction program.

The bank also was the latest to admit that it was the subject of an investigation by several authorities into its conduct in the foreign exchange market. HSBC said it was contacted by regulators last month and that it had not fired or suspended anyone in connection with the investigation.

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