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HSBC suspends 2 currency traders in London

January 17, 2014

LONDON (AP) — U.K.-based bank HSBC PLC says it has suspended two of its foreign exchange traders in London amid a global investigation into the alleged manipulation of currency markets.

The bank confirmed the suspension in a brief statement Friday, but declined to provide any details.

HSBC said late last year that it is one of several banks being investigated for the possible rigging of foreign exchange markets. The other banks include Citigroup, JPMorgan Chase & Co., Barclays PLC, UBS AG and Deutsche Bank AG.

HSBC said in November that it was cooperating with the probe by British regulators.

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