Monday, November 4, 2013

HSBC says no-one suspended in relation to FX probe



LONDON (Reuters) – HSBC said it had not suspended any staff as part of an investigation into the possible manipulation of currency markets by several banks.


“We haven’t suspended anyone. It’s at a very early stage and the names we’ve been given so far don’t work for us any more,” Chief Executive Stuart Gulliver told reporters on a conference call.


HSBC become the latest major bank to confirm it is helping with an investigation by regulators in several countries into a number of firms, relating to trading in the $5.3 trillion (3.32trillion pounds) a day currency market. Several other banks have suspended staff in relation to the probe, sources have said.


(Reporting by Steve Slater; Editing by Sinead Cruise)





HSBC says no-one suspended in relation to FX probe

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