Deutsche Bank, UBS and HSBC incur $46 million penalty for spoofing
Three major investment banks allegedly carried out various frauds and spoofing on precious metals futures contracts.
Tag: HSBC
HSBC’s ex-head of FX cash trading found guilty of fraud
Former senior FX trader at HSBC defrauded one client out of more than $7 million.
BNY Mellon and HSBC join forces with Algomi for bond liquidity
Partnership means dealers will be able to tap database of custodians on behalf of buy-side clients.
HSBC fined $175m as traders use chatrooms for illicit gains
FX traders allegedly used electronic chatrooms to manipulate benchmarks and fix market prices.
Deutsche Bank, HSBC and BNP Paribas kick-off Bond Connect
Bond Connect was established to give international investors access to China’s $9 trillion bond market.
Citi bolsters equities execution team with new hires
Several hires have been made within the equities electronic execution sales team in a bid to boost Citi’s equities franchise.
Derivatives association creates new clearing services role
ISDA has appointed HSBC's derivatives market infrastructure expert to head up its clearing initiatives.
Bond trading finally pays off for top investment banks
Fixed income sales across top investment banks globally increased for the first time in four years in 2016.
Fixed income drives trading revenues at HSBC
HSBC’s global markets business reported equities revenues fell in 2016, but sales across fixed income products soared.
HSBC adopts Bloomberg’s collateral management ahead of non-cleared margin rules
Non-cleared margin rules will come into effect as of March this year.