HSBC bank said Monday it set aside another $800 million (626 million euros) to cover fines from US authorities for failing to apply anti-money laundering rules, taking the total bill to $1.5 billion.
The bank added in a results statement that net profits slumped by more than half to $2.498 billion in the third quarter or three months to September, compared with $5.222 billion a year earlier.
HSBC takes new $800-mn hit for money laundering fines
