By Daniel Hunter

HSBC has dismissed its head of foreign exchange trading for Europe, Middle East and Africa.

A HSBC source is understood to have confirmed to the BBC that Stuart Scott had been "let go".

The announcement comes a month after HSBC was fined $618m (£393.8m) relating to attempts to manipulate foreign exchange rates.

At the time, HSBC said it "does not tolerate improper conduct and will take whatever action is appropriate".

HSBC was one of six banks investigated and fined by UK and US regulators.

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