The US justice department is investigating whether a trader at the bank leaked confidential client information to a hedge fund, according to the Wall Street Journal (paywall). HSBC, which was hit with a $618 million fine for manipulating foreign-exchange rates earlier this month, allegedly flagged news of a big currency deal it was arranging for one of its clients.
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Samsung offloads its chemicals and defense units.
The sprawling South Korean company will sell its stakes in Samsung General Chemicals and Samsung Techwin for 1.9 trillion won ($1.7 billion) (paywall) to rival conglomerate Hanwha. Samsung has been simplifying its holdings as heir apparent Lee Jae-yong consolidates control.