HSBC forex fallout, Luxembourg's pitch to City firms and the MF Global settlement
HSBC forex fallout, Luxembourg's pitch to City firms and the MF Global settlement
FT Banking Weekly · Financial Times
July 26, 201617m 32s
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Show Notes
Patrick Jenkins and Martin Arnold discuss US authorities’ allegation that current and former HSBC employees cheated clients on a foreign exchange deal, and look at how Luxembourg is pitching to win business from firms in the City of London stung by Brexit. Meanwhile, Ben McLannahan speaks to Nader Tavakoli, CEO of Ambac, about the settlement to end litigation brought by investors burnt by the collapse of the futures brokerage MF Global.
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