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Ex-Traders In Britain To Face Currency-Rigging Charges In U.S.

Three UK-based former currency traders, dubbed the “Cartel”, have struck a deal with US authorities to surrender and face charges following the criminal investigation into rigging of the $5.3tn-a-day foreign exchange market. Read more

New York – HSBC Forex Executive Arrested By FBI At JFK Airport

New York – A senior manager at HSBC has been arrested in New York and charged along with a former foreign exchange executive for engaging in a scheme to defraud one of the bank’s clients in a $3.5 billion currency transaction. Read more