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HSBC’s parent company will pay a total of $101.5 million to resolve a case involving its Global Markets business division.
London, U.K.-based HSBC Holdings plc, the venerable parent company of the New York City-based HSBC Group, reports that it has entered into a three-year deferred prosecution agreement with the U.S. Department of Justice, meant to “resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business.” The agreement...
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