London-based bank HSBC said Monday it is among a number of firms being investigated by U.S. authorities over the hiring of people connected to Asian governments, raising the risk of more expensive legal issues.
Europe’s biggest bank announced a $1.3 billion loss for the final quarter, compared with a $511 million profit in the same period the previous year. For the year, net profit was $13.5 billion for 2015, down 1.2 percent and below analysts’ forecasts.
