In a statement, HSBC group chief executive Stuart Gulliver said:
We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again. The HSBC of today is a fundamentally different organisation from the one that made those mistakes.
Over the last two years, under new senior leadership, we have been taking concrete steps to put right what went wrong and to participate actively with government authorities in bringing to light and addressing these matters.
While we welcome the clarity that these agreements bring, ensuring the highest standards wherever we do business is an ongoing process.
We are committed to protecting the integrity of the global financial system. To this end we will continue to work closely with governments and regulators around the world.
More top news
The chief executive of one of the 'big six' energy companies tells ITV News a report customers are paying too much is a concern.
10 years on, George Psaradakis has given his first interview, recalling the events of July 7 2005.
A spat between the supporters of Yvette Cooper and Liz has seen a debate rage over whether a woman needs to be a mother to be a good leader.