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July 21, 2016by John Galanek

HSBC forex traders charged with criminal fraud

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

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.