Ex-HSBC Bank foreign exchange exec gets 2 years in prison
Mark Johnson, the former head of HSBC Bank's foreign exchange cash trading, has been sentenced to two years in prison for misusing confidential information provided by a client to generate "profits for HSBC and enrich himself". Mark was found guilty of defrauding Cairn Energy in a $3.5-billion currency trade in 2011. He was also ordered to pay fine of $300,000.