Thomson Reuters
The HSBC building in Canary Wharf
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