Ex-HSBC Trader Mark Johnson Waits for a Jury to Decide His Fate on Fraud Charges

(NEW YORK) – Closing arguments in the U.S. trial of former HSBC Holdings Plc hsbc-holdings-plc executive Mark Johnson came to an end Wednesday, with a lawyer for the government urging jurors to convict Johnson of defrauding a client.

Prosecutors have claimed Johnson, the former head of HSBC's global foreign exchange cash trading desk, schemed with others at HSBC to ramp up the price of British pounds before executing a $3.5 billion currency trade for...

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