Bloomberg News

HSBC Says No Staff Fired or Suspended Over Libor

July 30, 2012

(Corrects second paragraph to specify that settlement talks with regulators refer to money-laundering probe.)

HSBC Holdings Plc (HSBA) said it has not fired or suspended any staff following the probe into alleged rigging of the London interbank offered rate.

It’s too early to estimate how much any settlement would cost the bank, Chief Executive Officer Stuart Gulliver said on a conference call with journalists today. HSBC also said it’s in preliminary discussions with regulators about reaching a settlement relating to allegations about money-laundering, he said.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net


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