A former high-ranking HSBC Holdings executive was sentenced Thursday to two years in federal prison, following his conviction last fall on charges that he misused confidential information about a client’s $3.5bn currency trade to make millions of dollars for the bank, The Wall Street Journal reports.
Mark Johnson, HSBC’s former global head of foreign-exchange cash trading, was the first banker to face criminal charges stemming from a US Justice Department probe into foreign exchange rate manipulations.
