LONDON, Nov 4 (Reuters) - HSBC's profits rose 10percent last quarter, in line with analysts' expectations, ascost cuts helped offset a drop in investment banking revenues.
HSBC said on Monday it was cooperating with investigationsby Britain's Financial Conduct Authority and several otheragencies in various countries into a number of firms, includingHSBC, relating to trading on the foreign exchange market. Itsaid the investigations were at an early stage.
HSBC reported an underlying pretax profit of $5.1 billionfor the three months to the end of September, up 10 percent froma restated $4.6 billion last year, after excluding the impact ofchanges in the value of its own debt. On astatutory basis, profits jumped 30 percent from a year ago.
HSBC Holdings (HSBA)
