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HSBC Trader Dishes On Forex Collusion At Exec's Fraud Trial

Law360, New York (October 4, 2017, 8:43 PM EDT) -- A former HSBC Bank PLC foreign currency exchange trader gave a detailed account on Wednesday of the collusion between banks that antitrust prosecutors claim was used to rig currency markets, as the government’s case in the trial of former HSBC executive Mark Johnson nears its end.

Frank Cahill, a former forex trader for HSBC and Goldman Sachs & Co. LLC, took the witness stand and gave an inside look into a group of forex traders at banks including HSBC, Barclays PLC, State Street Corp., Goldman and...
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