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The Independent UK
The Independent UK
National
Harriette Boucher

Ex-HSBC executive banned after dodging nearly £6,000 in train fares

HSBC HSBC Asset Management
Joseph Molloy was head of passive equity at HSBC Asset Management - (Social media)

A former HSBC executive has been banned from working in financial services after dodging nearly £6,000 in train fares.

Joseph Molloy, 53, used a train fare evasion tactic known as “doughnutting” to reduce ticket prices across at least 740 journeys over 11 months while travelling on Southeastern Railway.

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