FX Best Execution PracticesFX Corporate TreasuryFX Transaction Cost AnalysisKnowledge HubPressHSBC forex traders charged with criminal fraud but cleared on an internal HSBC probe

July 21, 2016by John Galanek

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.