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Tag: Hsbc Holdings Fined

US fines HSBC $175mn for unsafe forex trading

Washington: The US Federal Reserve said on Friday that it had fined global banking giant HSBC Holdings $175 million for its unsafe and unsound foreign exchange trading business. According to a statement of Fed, the HSBC had deficiencies in its oversight and internal controls of its forex traders, reports Xinhua. “The firm failed to detect […]