Fed fines HSBC $175 million for lack of forex trading oversight

WASHINGTON (Reuters) – The Federal Reserve on Friday fined HSBC Holdings PLC $175 million for “unsafe and unsound practices” in its foreign exchange trading business, the latest in a series of fines for banks’ failures to prevent market manipulation.

from Reuters: Business News http://ift.tt/2x2xQZy http://www.reuters.com

from WordPress http://ift.tt/2xLW9if
via IFTTT