US fines HSBC $175 million for lax forex trading oversight – TODAYonline

TODAYonline

US fines HSBC $175 million for lax forex trading oversight
TODAYonline
WASHINGTON – The U.S. Federal Reserve fined HSBC Holdings PLC <HSBA.L> $175 million on Friday for “unsafe and unsound practices” in its foreign exchange trading business, the latest in a series of fines for banks that fail to prevent market

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