HSBC Holdings PLC has been slapped with a $175 million fine by the U.S. Federal Reserve over “unsafe and unsound practices” in the company’s foreign exchange trading business. According to the bank, chat rooms were traders had swapped information about investment positions were not monitored. The Fed stated, “The board levied the fine for deficiencies … Continue reading “HSBC Is Fined $175 Million by the U.S. Federal Reserve”
