Nov 03 Bulgaria 1 Report from London Nejra Cehic

Nov 03 Bulgaria 1 Report from London Nejra Cehic

Assessment

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Business

University

Hard

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HSBC faced lower-than-expected profits in the third quarter due to setting aside over a billion dollars for currency rigging settlements and customer compensation in the UK. Despite these challenges, HSBC's capital and leverage ratios improved, meeting regulatory requirements. The bank, along with others, allocated $2.4 billion to address foreign exchange market rigging allegations, a market with a daily trading volume exceeding $5 trillion. HSBC also dealt with issues related to mis-selling payment protection insurance and mortgage securities misconduct.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was HSBC's capital ratio in the first half of the year?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes are mentioned in relation to London, particularly for Bulgaria?

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