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Regulation
Ex-HSBC FX Trader Mark Johnson Found Guilty of Rigging $3.5 Billion Deal
2017-10-23T20:14:43.000+02:00
A second Briton, Stuart Scott, who left HSBC in 2014, was named alongside Johnson as accused of the same crimes.
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Regulation
Ex-HSBC Trader Mark Johnson Awaits Final Verdict After Closing Arguments
2017-10-19T15:39:36.000+02:00
Johnson faces jail time if convicted, setting a historic precedent for market abuse
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Regulation
Embattled ex-HSBC Johnson Pushes Back on Allegations, ‘Fair all around’
2017-10-12T12:19:39.000+02:00
Johnson continues to affirm his innocence surrounding the Cairn Energy deal despite mounting evidence against him.
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Regulation
HSBC Traders Tip Each Other Off Using Coded Lingo
2017-10-06T11:29:25.000+02:00
Mark Johnson allegedly tipped off other traders using code words ‘my watch is off’, netting nearly $8m in trades.
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Regulation
Federal Reserve Fines HSBC $175 Million for 'Unsafe FX Trading’
2017-09-29T19:32:25.000+02:00
The UK lender had insufficient oversight and controls over its FX traders.
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Executive Moves
Douglas Flint Retires from HSBC Chairman Position
2017-09-29T15:17:46.000+02:00
After over 20 years with the company and almost 7 as Chairman, Douglas Flint is stepping down.
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Regulation
Former-HSBC FX Head Facing Trial for Exploiting Currency Trades
2017-09-26T11:12:52.000+02:00
Johnson has come under fire over his Cairn Energy trade, stating the process was like “f***ing Christmas”.
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Execution
Former HSBC Executive to be Tried for FX Rate Manipulation
2017-09-18T14:57:42.000+02:00
The executive has been accused of front-running a $3.5 billion deal, helping HSBC make additional profit from transactions.
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Colin Firth
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Regulation
HKMA and HSBC Warn Public Against Phishing Attempts
2017-08-18T14:15:23.000+02:00
Phishing is an attempt to dupe clients into revealing their personal financial details through fake emails and websites.
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Regulation
SFC Bans Former HSBC Trader Li Bo For Eight Months
2017-06-13T13:16:11.000+02:00
An SFC investigation found that Li breached its Code of Conduct, failing to properly disclose trading transactions.
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Executive Moves
HSBC Commercial Banking UK Unit Hires Two New Executives
2017-06-08T15:28:18.000+02:00
HSBC appoints Jane Galvin and Ian Tandy for management roles at its UK division.
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Technology
HSBC Jumps on the Robo-Advisor Bandwagon
2017-06-01T21:47:32.000+02:00
The international bank has recently announced its own version of an automated algorithm advisory system.
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Prime Brokerage
HSBC to Strengthen its Wealth Management Arm in Asia with 1,000 New Jobs
2017-03-24T12:51:10.000+02:00
HSBC is adding 1,000 jobs to its Asian wealth management arm, building on its existing pool of 2,400.
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Executive Moves
Trading Places: BTIG Hiring Spree Continues, HSBC Adds Veteran FX Trader
2017-03-20T11:51:08.000+02:00
Catch up on the latest moves from across the retail and institutional space.
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Executive Moves
HSBC Adds FX Veteran Brent Donnelly from Citi
2017-03-16T14:06:02.000+02:00
Brent Donnelly joins HSBC as its newest FX spot trader, bringing over a decade of experience to the role.
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Executive Moves
Chris Rivelli Joins HSBC FX Options Trading Desk
2017-03-01T09:36:04.000+02:00
Rivelli lands at HSBC after spending a year and a half at Brevan Howard as a portfolio analyst.
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Prime Brokerage
HSBC Continues Offshoring Jobs to Asia as UK Branches Suffer Closures, Cuts
2017-01-25T15:47:37.000+02:00
HSBC has off-shored nearly 200 IT jobs to Asia, as well as undergoing the closure of 62 branches in the UK.
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News
HSBC Shores Up IT, Cybercrime Efforts with Formation of Technology Panel
2017-01-18T13:47:05.000+02:00
HSBC's new eight-person panel will help steer the bank's IT and cybercrime strategy.
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Prime Brokerage
HSBC’s Stuart Gulliver Estimates 20% Brexit Revenue Exodus from London
2017-01-18T13:23:17.000+02:00
Gulliver expects the bank to proceed slowly with moving staff and that London will remain a global financial centre.
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Regulation
Singapore Forex Traders Admit Cheating On Deutsche Bank, HSBC
2017-01-18T11:33:43.000+02:00
The two traders have admitted to using their respective banks’ accounts in 2009 to get preferential rates on the dollar.
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Execution
Bloomberg Extends its Collateral Management Suite to OTC Derivatives Space
2017-01-11T16:17:32.000+02:00
A new round of OTC margin requirements in 2017 necessitates that firms adopt measures to reduce operational costs.
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Regulation
US Bank Regulator Imposes $33m Fine on HSBC for Administration Failures
2017-01-10T09:58:16.000+02:00
The bank has received another hefty fine for account failures that were considered unsafe and unsound.
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Regulation
Hong Kong Financial Watchdog Bans an Ex-HSBC Broking Forex Trader for Life
2016-12-29T15:14:31.000+02:00
HSBC Broking has already paid over $70 million to the affected clients to compensate them for their losses.
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Executive Moves
AFEX Onboards HSBC's Ramnath Ramhit as Head of Integrated Solutions
2016-11-29T13:57:40.000+02:00
Ramhit joins the company with over 25 years of experience in the corporate foreign exchange industry.
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Executive Moves
Paul James Relinquishing Role at HSBC
2016-11-18T21:41:01.000+02:00
After three decades at HSBC, Paul James is leaving the bank to do some fishing.
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See more
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