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HSBC says no-one suspended in relation to forex probe

Says many of the people named do not work for the bank any more

Reuters London

HSBC said it had not suspended any staff as part of an investigation into the possible manipulation of currency markets by several banks.

"We haven't suspended anyone. It's at a very early stage and the names we've been given so far don't work for us any more," Chief Executive Stuart Gulliver told reporters on a conference call.

HSBC becomes the latest major bank to confirm it is helping with an investigation by regulators in several countries into a number of firms, relating to trading in the $5.3 trillion a day currency market.

Several other banks have suspended staff in relation to the probe, sources have said.

 

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First Published: Nov 04 2013 | 3:43 PM IST

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