'Rotten' HSBC Traders Rigged Market, Forex Firm Argues

Law360, London (June 14, 2021, 7:20 PM BST) -- HSBC cynically stole from its clients on dozens of foreign exchange trades, a currency investment firm alleged Monday, at the start of a London trial over allegations the bank's "rotten" traders dishonestly traded ahead of client transactions more than 15 years ago.

A currency investment firm alleged in the High Court that "rotten" HSBC traders acted dishonestly ahead of client transactions more than 15 years ago. (iStock)

Counsel for ECU Group PLC alleged at the High Court that it was ripped off by traders at HSBC Holdings PLC who misused its confidential information to line their own pockets by front-running clients'...

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