Telegraph - HSBC forced to turn over trading record in court case

HSBC Canary Wharf close-up

HSBC has been ordered by the UK high court to disclose documents relating to alleged manipulation of foreign exchange markets by its traders in London and New York over a decade ago.

The Telegraph reports that UK-based currency investor ECU Group won the court order as it seeks to establish whether HSBC manipulated the market to profit ahead of executing three trades for ECU worth more than $100m (£75m) a piece in 2006.

HSBC now has to disclose all correspondence and records related to the alleged suspect trades, which could pave the way for a full lawsuit.

Hit the link below to access the complete Telegraph article:

HSBC could face further forex lawsuit after High Court orders it to turn over trading records

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