HSBC to pay $100M to settle currency rigging probe

HSBC, Europe's largest bank, agreed to pay more than $100 million to settle a U.S. criminal investigation.

The settlement comprises $63.1 million in criminal penalties and $38.4 million in restituion to an unnamed corporate client.

The bank has admitted its traders twice misused confidential information provided by clients to grow its own profits.

Read more from BBC News.