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Ex-HSBC trader faces fierce questioning, holds his ground

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Former HSBC trader Mark Johnson adamantly denied he “ramped” a $3.5 billion foreign-currency order against a client, insisting he “wasn’t aware” that traders he supervised had already begun purchasing pounds at least 90 minutes before the 2011 transaction.

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Gavel

Ex-HSBC trader faces fierce questioning, holds his ground

Former HSBC trader Mark Johnson adamantly denied he “ramped” a $3.5 billion foreign-currency order against a client, insisting he “wasn’t aware” that traders he supervised had already begun purchasing pounds at least 90 minutes before the 2011 transaction.

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