(HITC Business) Fraud charges against a former HSBC foreign-exchange trader are “a governmental mistake,” his lawyer said, calling his actions “consistent with standard practice” in the currency market. Bloomberg News reports that U.S. prosecutors claim the trader used his “expert” skills to turn a large customer currency order into a multimillion-dollar profit for the bank.
Ex-HSBC Trader Charges Are ‘a Government Mistake’
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