Corporate Watchdog Group Applauds Arrest of HSBC Official Mark Johnson - this is a big charge for a bank which keeps on getting in trouble for related offenses - interestingly (it could be there is no connection but still of note - the DOJ was just recently hammered for not going after HSBC Bank for political reasons according to a Congressional report)- First the statement from the DOJ on this matter:
The head of global foreign exchange cash trading at HSBC Bank plc, a subsidiary of HSBC Holdings plc (collectively HSBC), and HSBC’s former head of foreign exchange cash trading for Europe, the Middle East and Africa were charged with conspiring to defraud a client of HSBC through a scheme...
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