HSBC has agreed to pay US regulators $765m to settle an investigation into toxic mortgage securities sold by the bank in the years leading up to the 2008 financial crisis.
It follows UK rivals Barclays and Royal Bank of Scotland in reaching an agreement with the US Department of Justice this year over the mis-selling of residential mortgage-backed securities. The likes of Deutsche Bank and Credit Suisse have also paid out billions of dollars to close similar investigations.
