HSBC Official Said to Face Charges in FX Rigging Probe

Mark Johnson, a senior manager at HSBC, was arrested in New York for his involvement in a conspiracy to rig currency benchmarks. The Department of Justice has been investigating this case for over three years, facing challenges in prosecuting individuals due to difficulties in gathering evidence. The focus of the investigation is shifting from companies to individuals, with some cooperating with authorities. The outcome of these investigations remains uncertain, but recent actions indicate a move towards holding individuals accountable.

Who was arrested in New York for involvement in currency benchmark manipulation?

• Matthew Gardner

• Mark Johnson

• Winnie O'kelly

• John F Kennedy

What has been a significant challenge for the Department of Justice in prosecuting foreign traders?

• Lack of evidence

• Support from the Fed

• Difficulty in gathering evidence

• Cooperation from banks

Which individual was barred from banking due to involvement in currency rigging activities?

• John F Kennedy

• Matthew Gardner

• Winnie O'kelly

• Mark Johnson

What is the current focus of the investigation according to the final section?

• The cooperation of companies

• The involvement of the Fed

• The role of HSBC

• The actions of individuals

What is often true when a company turns state's evidence?

• The company is barred from operations

• The company is fined heavily

• The investigation is closed

• Individuals are prosecuted