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HSBC cuts its legal costs by $1bn to $681m

HSBC’s legal spend has gone down by nearly $1bn (£803m), according to the bank’s 2016 financial report. Over 2016, the bank saw its costs decrease to $681m (£547m) from $1.65bn (£1.3bn). The spend covers “settlements and provisions in connection with legal matters”. The bank was involved in a number of legal proceedings in the past year including […]