Former HSBC Executive to be Tried for FX Rate Manipulation

[kreslik.news]

In another case of financial manipulation, a former top executive of HSBC Holdings Plc (HSBA.L) will go on trial in the US over charges relating to case of FX rate manipulation.

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The trial is against a British citizen, Mark Johnson, who was HSBC’s global head of foreign exchange cash trading, but left earlier this year. A spokesman for HSBC made it clear that the case was against the individual and not HSBC.

In 2011, Mark Johnson and another HSBC executive, Stuart Scott, had ... (read more)