HSBC Pretax Profit Rises to $4.6B

HSBC faced significant financial challenges due to various charges, including a $380 million provision for a currency rigging settlement and $700 million for customer compensation. Despite these, HSBC's revenue increased, particularly in foreign exchange and equities trading. The banking industry, including JP Morgan, RBS, and Barclays, is dealing with probes and has set aside $2.4 billion for compliance. Rising regulatory costs have led HSBC to increase its compliance staff, planning to employ 7,000 by year-end.

What was the pretax profit of HSBC for the current year compared to the previous year?

How much did HSBC set aside for customer compensation?

What percentage increase did HSBC's foreign exchange revenue experience from the previous year?

What total amount have banks set aside to deal with allegations of shared information?

How many compliance staff did HSBC add last quarter, and what is their future hiring plan?