Ex-HSBC currency trader convicted of fraud for front-running US$3.5B exchange order

Former HSBC Holdings PLC currency trader Mark Johnson was found guilty of fraud for front-running a US$3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global financial markets. He was convicted on Monday of nine out of 10 fraud and conspiracy counts after a month-long trial in Brooklyn, N.Y. -- More...