Nov 18 (Reuters) - Goldman Sachs Group Inc, which wasnot part of last week's international settlement overallegations of manipulation in the foreign exchange market,dismissed a former HSBC trader for his alleged involvement inthe manipulation, the Wall Street Journal reported.
Frank Cahill, who was asked to leave Goldman Sachs' Londonoffices on Tuesday, worked as a currencies trader at HSBCHoldings PLC before joining Goldman Sachs in 2012, thereport said, citing a person familiar with the matter. (http://on.wsj.com/1F0rDwm)
"This relates to a period before he joined Goldman Sachs andhe has now left the firm," a Goldman Sachs spokeswoman said.
The dismissal came a week after regulators imposed finestotaling $4.3 billion on HSBC, Royal Bank of Scotland Group Plc, JPMorgan Chase & Co, Citigroup Inc, UBSAG and Bank of America Corp for failing tostop traders from trying to manipulate the forex market,following a year-long global investigation.
Cahill was one among a number of unidentified HSBC traderswhose conversations in electronic chat sessions were quoted bythe U.K.'s Financial Conduct Authority and the U.S. CommodityFutures Trading Commission as part of the settlements, theJournal reported, citing people familiar with the chattranscripts. (Reporting by Aurindom Mukherjee in Bangalore; Editing by DanGrebler)
HSBC Holdings (HSBA)