HSBC Asian hiring practices investigated

Dog Detective

HSBC said on Monday it was being investigated by the Securities and Exchange Commission in relation to hiring practices of candidates with ties to government officials in Asia.

Reuters reports that in a footnote to its earnings statement, the bank said it had received various requests for information from the SEC, which was also targeting other financial institutions as part of the same probe.

'HSBC has received various requests for information and is cooperating with the U.S. Securities and Exchange Commission (SEC) investigation. It would be inappropriate to comment further'. HSBC spokesperson Gareth Hewett told Reuters.

To access the complete Reuters article hit the link below:

HSBC says SEC is probing its Asia hires

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