21 July 2016 at 0:06 GMT
Two senior bankers at HSBC have been arrested in connection with a case involving currency benchmark rigging, according to reports. Mark Johnson, the bank's global head of foreign-exchange cash trading, was arrested on Tuesday at JFK International Airport, according to multiple reports. He faces charges following a three-year investigation into currency trading practices at multiple global banks, according to the reports. In addition, Stuart Scott, former head of cash trading for Europe, the Middle East and Africa, also faces wire fraud conspiracy charges, though he has not been arrested yet.
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