HSBC London Head of Foreign Exchange, Mark Johnson Arrested in New York
Posted: Tue Jul 19, 2016 2:35 pm
One of the senior foreign exchange executives in HSBC’s London office, Mark Johnson has been apprehended in New York this morning, Bloomberg reports. The arrest is linked to the foreign exchange market fixing scandal with HSBC’s global head of foreign exchange cash trading in London being the first individual to face charges in the U.S.
According to sources cited by Bloomberg, Mr Johnson is to face a judge later today in Brooklyn. The allegations against HSBC’s employee are for conspiracy to commit wire fraud.
Bloomberg has previously reported that some individuals could be getting charged in relation to the foreign exchange market ... (read more)