HSBC to pay $100 million to settle currency rigging investigation

ArticleBanking crisisJanuary 23, 2018 - 4:22:40 AM

HSBC agreed to pay $101.5 million to settle a criminal probe into currency rigging, which has already led the conviction of one of its former bankers.

HSBC Holdings on Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers.

The payment includes a $63.1 million fine plus $38.4 million in restitution to a corporate client, according to a deferred prosecution agreement filed on Thursday with the U.S. District Court in Brooklyn, New York...

Source:cnbc.com

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