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2 HSBC Executives Charged With Wire Fraud Over Currency Trade

U.S. authorities have charged two HSBC executives in connection with a scheme to defraud clients in a multi-billion-dollar currency transaction. Mark Johnson, the head of global foreign exchange cash trading at HSBC Bank, and Stuart Scott, the bank's former head of cash trading in Europe, were charged with conspiracy to commit wire fraud, according to a Justice Department release. Johnson, a British citizen and U.S. resident, was arrested Tuesday night at New York's John F....

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