UK Police Arrest Ex-HSBC Banker for Rigging $3.4 Billion Deal

[kreslik.news]

A senior HSBC banker has been arrested in London as he was charged in the United States with fraudulently rigging a multi-billion dollar currency exchange deal.

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Stuart Scott, HSBC’s European head of foreign exchange trading in London until December 2014, and a colleague are accused of defrauding clients and alleged to have “corruptly manipulated the foreign exchange market to benefit themselves and their bank”.

Stuart was arrested last week shortly after he was released on bail by a London court on Wednesday.

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