Cairn Exec Says He Didn't Suspect HSBC Tanked $3.5B Deal
By Stewart Bishop ( October 3, 2017, 9:26 PM EDT) -- An executive for Cairn Energy PLC told a Brooklyn federal jury Tuesday that he didn't suspect HSBC traders were lying to him when they said a Russian bank's trading had caused the Scottish oil and gas developer's $3.5 billion foreign exchange transaction to go south and noted that Cairn took legal action only after a top HSBC trader was arrested....
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