Beware of robber banks (RB), bad advisors.
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HSBC and JPMorgan Traders Accessed BOE Audio Feed, FT Says
Traders at HSBC Holdings Plc and JPMorgan Chase & Co. are among those who accessed a high-speed audio feed of Bank of England press conferences, according to the Financial Times, which cited an unidentified person. HSBC and JPMorgan declined to comment to the FT. Investment banks across the City are trying to establish whether their traders used the feed, which is subject to a probe by the U.K.’s financial regulator, the FT reported. JPMorgan declined to comment to Bloomberg News, while HSBC didn’t immediately comment when contacted out of normal business hours. The probe is considering whether the faster ... (full story)