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Share Name Share Symbol Market Type Share ISIN Share Description
Hsbc Holdings Plc LSE:HSBA London Ordinary Share GB0005405286 ORD $0.50 (UK REG)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.50 1.21% 377.80 377.30 377.50 378.15 370.35 372.00 20,284,172 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 53,554.5 10,064.1 22.6 15.9 76,943

HSBC Fine of EUR33.6 Million Annulled by European General Court

24/09/2019 10:18am

Dow Jones News


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By Oliver Griffin

 

A fine imposed on HSBC Holdings PLC (HSBA.LN) by the European Commission worth 33.6 million euros ($37 million) has been annulled by the General Court of the European Union.

The Court said that while it upheld the commission's finding that HSBC had participated in infringement of competition law in connection to a cartel in the Euro Interest Rate Derivatives sector, it didn't provide a sufficient reasoning for the fine.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

September 24, 2019 05:03 ET (09:03 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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