 Mark Johnson was convicted of nine counts of wire fraud and conspiracy to defraud related to front running the currency trades of HSBC clients.In December 2018, "The Jerusalem Post" reported that HSBC confirmed that the bank would divest from Elbit Systems Ltd., Israel's largest non-government-owned military contractor, active in numerous defence-related industries.HSBC justified its decision by claiming it "strongly supports observance of international human rights principles as they apply to business."