HSBC’s former head of currency trading has won a last-ditch battle to block his extradition to the US, where he faces 11 charges of foreign exchange rigging which each carry a maximum 30-year prison sentence. Stuart Scott on Tuesday won an appeal in the High Court against his extradition. The charges in the US related to an alleged “front running” scheme in which he and his former boss have been accused of making more than US$8 million profit on currency deals arranged for the oil and gas exploration company Cairn Energy. The court of appeal ruled that Scott, who is in his 40s and lives in Hertfordshire, should not ... (full story)