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July 21st, 2016
by Jimmy McGeehan

HSBC forex traders charged with criminal fraud
http://www.ft.com/cms/s/0/9c44fe7a-4e97-11e6-8172-e39ecd3b86fc.html#axzz4F33H4Ddd

The latest legal and regulatory concerns related come from an alleged situation of HSBC’s FX desk front-running a large corporate currency transaction. The profit estimated for the bank, $8 million.

HSBC internal probe ‘cleared’ top forex traders
http://www.ft.com/cms/s/0/941eb8a8-4f32-11e6-88c5-db83e98a590a.html#axzz4F33H4Ddd

The HSBC review, conducted in the wake of a sweeping foreign exchange rigging scandal that erupted in 2013, was led by an external lawyer and found no breach of its code of conduct.

Posted in FX Best Execution Practices, FX Corporate Treasury, FX Transaction Cost Analysis, Press |


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