At the airport in New York arrested HSBC’s top manager for fraud with currency trading, according to Bloomberg, citing three people familiar with the situation.
It’s about Mark Johnson, he served as head of the department HSBC global currency trading. The arrest followed a three-year investigation by the US Justice Department fraud currency in international banks. Johnson is accused of manipulating the interbank foreign exchange market.
Also, the case passes the head of the European HSBC currency trading department Stuart Scott.
The top manager will appear before a federal court in Brooklyn on Wednesday, reports Bloomberg citing anonymous sources.
HSBC Bank was not informed that his top managers arrested, said one of the sources of the agency. Bank representative and a representative of the US Department of Justice declined to comment.
According to Bloomberg, more than two dozen traders were barred its banks from the post due to an investigation by the US Justice Department.
In November 2014 the five major banks, including HSBC Holdings, Royal Bank of Scotland, UBS, Citigroup and JP Morgan Chase, paid US and UK regulators about $ 3.3 billion for violating the foreign exchange market.
The investigation of the British Inspectorate for Control over the activities of financial institutions (FCA) showed that traders share information about client applications for sale and purchase of foreign currency for their own benefit. HSBC had to pay $ 275 million.
No comments:
Post a Comment