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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
Last Updated : Nov 04 2013 | 3:47 PM IST

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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