HSBC
US presses for tougher sentence for Mark Johnson
DoJ wants profits made by Frank Cahill’s trading activity to be factored into Johnson’s sentence
Antitrust claims deadline extended to May 16
Investors seeking to receive part of the $2bn-plus settlement have two more months to file a claim as the deadline is pushed back from March 22
European banks see Ficc revenues slip in 2017
In contrast to robust trading activity in 2016, Ficc trading fell across the board
Johnson’s sentencing pushed back to April 2
Mark Johnson is allowed to stay in the UK with his family until March 26
Manuel Astaburuaga-Torres leaves HSBC
The New York-based FX cash trader has worked at the bank since 2011
Johnson’s sentencing delayed until March 8
Former HSBC senior banker can spend more time with family in the UK before returning to the US by March 1
HSBC to pay $101 million to settle with DoJ
UK bank enters into deferred prosecution agreement and agrees to pay criminal penalty over Cairn Energy and other FX conduct
Mark Johnson to be sentenced on February 15
Johnson’s lawyers are asking the court to allow him to return temporarily to the UK before then
CLS hires Danino-Lewis and Scott
The infrastructure provider gears up to broaden its range of services
HSBC finds ‘non-existent’ ECU data
The bank must hand over trade data for three 2006 stop-loss orders to ECU Group by January 19 – four weeks earlier than planned
ECU claim for data is not speculative, says judge
The details of which data will be handed over have not been determined
AWARDS JP Morgan crowned best bank for FX in 2017
JP Morgan overtakes Citi as best bank overall for FX dealing at the 2017 FX Week Best Banks Awards. We list all the award-winners and links to their interviews
Court grants ECU’s data application in HSBC case
Judge rules that HSBC should hand over data to ECU group after the manager's pre-action disclosure request
Banks reportedly preparing to settle EU FX probe
Barclays, Citigroup, HSBC, JP Morgan, RBS, UBS and two other institutions set to pay out billions of euros, according to Financial Times
DB hires two in North America FX sales
Winfield Sickles and Donna DiDomenico will be based in New York
Johnson appeals to FX community for sentencing help
Mark Johnson, who has been found guilty of wire fraud in the US, is asking people to write to the judge as character witnesses
Canadian FX committee adds new members
It also renews the expired terms for four institutions
‘So FX is now illegal’
Mark Johnson's guilty verdict and the decision to extradite Stuart Scott raises personal risks for FX market participants
ECU and HSBC clash over data
ECU wants the bank to hand over data relating to three stop-loss orders, executed in 2006, in a pre-action disclosure application
Guilty verdict returned in Johnson case
Jury finds Mark Johnson guilty of conspiracy and eight counts of wire fraud
'End this nightmare,' says Johnson's defence
In his closing arguments, defence attorney John Wing tells jurors the prosecution failed to show evidence to support their claims
Prosecutor alleges ‘bonanza of lies’ in closing argument
Prosecuting attorney says Mark Johnson used his superior knowledge to take advantage of Cairn Energy
Johnson under cross-examination
Prosecution attorneys argue HSBC went beyond its executing bank role when it advised Cairn on order execution