HSBC Q3 pre-tax profit rises 10% to USD5.06 billion

U.K. banking giant HSBC Holdings reported third quarter profit before tax of USD5.06 billion on Monday, a 10% increase from the same period a year earlier.

The lender also said it was cooperating with regulatory authorities who are investigating potential manipulation of foreign exchange trading.

HSBC shares rose 0.8% in London after the earnings announcement.

Meanwhile, European stock markets remained higher. London’s FTSE 100 gained 0.5%, the EURO STOXX 50 rose 0.3%, France’s CAC 40 added 0.3%, while Germany's DAX inched up 0.3%.