HSBC banker arrested at JFK in trading scheme

Janet Yellen: We don’t need to break up the banks

A top currency trader at HSBC was arrested at New York’s Kennedy Airport Tuesday night as he prepared to leave the country.

Since the financial crisis seven years ago, the world’s largest banks have paid billions in fines to settle charges of various misdeeds. But very few individual bankers have been held responsible for their roles in those illegal schemes.

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