HSBC Bankers Are First Individuals Charged in U.S. Currency Case

Corrected
  • Mark Johnson arrested at Kennedy Airport Tuesday in New York
  • Cairn Energy said to be the unidentified front-running victim

HSBC Official Said to Face Charges in FX Rigging Probe

Federal agents surprised an HSBC Holdings Plc executive as he prepared to fly out of New York’s Kennedy airport around 7:30 p.m. Tuesday, arresting him for an alleged front-running scheme involving a $3.5 billion currency transaction in 2011.

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