HSBC has become the latest European bank to uncover alleged misdeeds by its staff after calling in the police to investigate an attempted €90m ($140.1m) fraud.

The UK bank said in a statement: “HSBC is co-operating fully with a police investigation into an alleged fraud at the bank. As the matter is before the courts we cannot comment further. No customer funds were involved and no transactions were disrupted. No customer or bank funds were lost in the alleged fraud.”