Morning Scan: HSBC in Hot Water; How CEOs Tangle with Activist Inves...

Receiving Wide Coverage ...

HSBC in Regulators' Crosshairs: Loose lips sink ships, as American propaganda posters during World War II once proclaimed, but it seems some bank employees are unaware of the idiom. The Wall Street Journal reports the Justice Department has launched a probe into allegations that an HSBC trader alerted a major hedge fund to confidential details about an imminent currency exchange deal in 2010. The probe "suggests that the U.S. is eyeing a...