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HSBC prosecution threat in US lifted

The bank's five-year probation in the US that followed allegations of Mexican money laundering is over.

The bank reaches an agreement in a long-running investigation into tax evasion by French clients.

The firm reports a five-fold jump in pre-tax profit helped by cost-cutting and its focus on Asia.

US prosecutors said Mark Johnson defrauded Cairn Energy in a $3.5bn currency deal.

John Flint takes over from outgoing boss Stuart Gulliver, and will start his new role next February.

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