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HSBC reports surprise pre-tax profit fall

The lender made $4.8bn in the first three months of 2018, down by 4% on the same period a year earlier.

The French IT specialist Hervé Falciani said his aim was to expose tax evasion in Switzerland.

The bank says that men earn close to a third more than women at its UK banking operations.

While well-known on the UK High Street, the banking giant makes most of its money outside of Britain.

Financial giant HSBC agrees to pay $101.1m, confirming it misused client information for its own profit.

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