US alleges 11 more involved in HSBC currency conspiracy
22 Aug 2017

A foreign exchange front-running scheme at HSBC Holdings may have involved at least 11 bank employees beyond the two executives who have been charged with crimes, a prosecutor said.

Mark Johnson, HSBC’s global head of foreign exchange cash trading in London, is scheduled to go on trial Sept. 18 in New York, accused of illegally using his knowledge to profit from a pending $3.5 billion currency transaction in 2011.

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