FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid
The breaches involved small amounts of cross-border foreign currency transactions involving non-banking financial institutions that the London-headquartered bank was unable to properly report for technical reasons, HSBC said. “...regulators and other bodies may make findings that the bank has engaged in misconduct, including breaches of law or conduct that falls below community standards and expectations,” HSBC said.
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