U.S. fines HSBC $175 million for lax forex trading oversight

WASHINGTON (Reuters) – The U.S. Federal Reserve fined HSBC Holdings PLC $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 manipulation.

from Reuters: Business News http://ift.tt/2xHjIH7 http://www.reuters.com

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