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REPORT: A big-name HSBC trader just got arrested

Matt TurnerJul 20, 2016, 18:52 IST

The HSBC building in Canary WharfThomson Reuters

The global head of foreign exchange cash trading at HSBC was arrested at John F. Kennedy International airport on Tuesday morning, according to Tom Schoenberg at Bloomberg.

Mark Johnson is set to appear in federal court in Brooklyn later today, according to the report. He has been charged with conspiracy to commit wire fraud, the report said.

His reported arrest follows a years-long investigation in to the rigging of currency benchmarks.

HSBC itself paid $618 million in November 2014 to resolve allegations that it had manipulated the foreign exchange market.

More to follow

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