Banker arrested as part of £2.7bn wire fraud investigation

HSBC's head of global foreign exchange cash trading has been arrested and charged in the US for allegedly conspiring to commit wire fraud on a £2.7bn transaction.

Banker arrested as part of £2.7bn wire fraud investigation

HSBC's head of global foreign exchange cash trading has been arrested and charged in the US for allegedly conspiring to commit wire fraud on a £2.7bn transaction.

The US Department of Justice said Mark Johnson, 50, allegedly conspired to defraud an HSBC client through a "front running" scheme that netted over £6m.

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