HSBC Executive Barred by Fed After Indictment Over Forex Fraud

  • Mark Johnson and ex-trader were criminally charged in July
  • Prosecutors accuse them of front-running a $3.5 billon deal

An HSBC Holdings Plc. executive and a former employee have been barred from the banking industry by the Federal Reserve as they face U.S. criminal charges that they committed fraud in conducting foreign-exchange trades.

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