HSBC said on Monday that net profit fell to $8.15bn in the first half, as the bank put aside millions of dollars to cover the fallout of lawsuits and the misselling of financial products.

The bank said that total operating income came to $43.7bn in the first six months of the year. In the same period a year earlier, HSBC posted a net profit of $8.93bn on operating income of $42.3bn.