Two HSBC managers were indicted in Greece for fraudulently mis-selling interest rate swaps tied to a shipping loan 14 years ago.
Charges by investigating judges target Antonis Lamnidis, senior relationship manager for shipping at HSBC Athens, and George Kollias, an investment specialist who TradeWinds understands is no longer with the bank.
The two men are to face trial on felony charges, punishable with between five and 15 years imprisonment if they are found guilty, according to documents seen by TradeWinds.
