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U.S. fines HSBC $175 million for lax forex trading oversight

WASHINGTON (Reuters) - The U.S. Federal Reserve fined HSBC Holdings PLC $175 million on Friday for "unsafe and unsound practices" in its foreign exchange trading business, the latest in a series of fines for banks that fail to prevent market manipulation.

U.S. fines HSBC $175 million for lax forex trading oversight
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