Tag: HSBC

HSBC

Patel Swaps Citi for HSBC

Profit & Loss understands that Chirag Patel has joined HSBC in London as a managing director in its FX trading business. He joins from Citi where he was most recently head of FX spot trading having taken that role after a sabbatical from his role as head of FX options trading. Patel worked for Citi […]

Awards for e-FX Excellence – HSBC

HSBC’s rather mercurial relationship with these awards continues in that the bank persistently wins prizes for aspects of its e-offering, but is yet to really hit the bright lights with the overall platform Evolve. As that venture is the first single dealer platform to be built from the start in HTML5 the wait may be […]

TransFICC Attracts Further Investment

Connectivity solutions provider TransFICC has closed a Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC, who join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab. The investment will be used to extend product and market […]

Digital FX Awards 2020: Winners Announced

The winners of the 2020 Digital FX Awards were unveiled during a Zoom Happy Hour that followed Profit & Loss’ first ever Dial-in Day, which attracted over 500 attendees. For the seventh year in a row, UBS won Best Multi-Asset Class Platform for Neo, the bank also went home with four other Awards. Continuing what […]

Former HSBC FX Head Suing for Unfair Dismissal

Documents published by the East London Employment Tribunal indicate that former HSBC global head of FX and commodities, Frederic Boillereau, has brought an action against four senior managers at the bank as well as the institution itself. The first day of the hearing is scheduled for Tuesday, January 28 and HSBC, former head of global […]

HSBC Launches FX Flexpay for Global Payments

HSBC has launched a new service, FX Flexpay, which enables clients to make automated, international payments in more than 140 currencies, using a single API. FX Flexpay connects Global Disbursements – the bank’s system for cross-border, low value mass payments – with FX FlexRate, HSBC’s proprietary FX pricing technology that guarantees FX rates or offers […]

Former HSBC Flow Rates Head Charged by CFTC

The US Commodity Futures Trading Commission (CFTC) has filed civil enforcement action in the US District Court for the Southern District of New York against Christophe Rivoire, former global head of flow rates at HSBC in New York, charging him with engaging in a deceptive scheme to manipulate the pricing of an interest rate swap between […]

Mark Johnson Files for Re-Hearing of Appeal

Mark Johnson’s legal team has filed a petition to have his appeal reheard or reheard “en banc”, before the entire bench of active appeal circuit judges, as he seeks to have his conviction for wire fraud overturned. In September Johnson lost an appeal in front of three appeal court judges, however his team has filed […]

CFTC Fines Six Banks for Reporting Failures

The US Commodity Futures Trading Commission (CFTC) has issued six banks with regulatory orders over reporting failures. The six banks; Bank of New York Mellon, HSBC, Natwest Markets, Northern Trust, PNC Bank and Societe Generale were collectively fined more than $6 million over the failures – Northern Trust and SocGen were also charged with failure […]