HSBC is back in the news again today. This time for a more positive reason than last we checked in on them. It appears that a rogue employee decided it was pay day. I guess he saw “Catch me if you can” one too many times.

From the Reg:

An HSBC worker has been charged after police were called in to investigate an alleged attempt to defraud the bank out of a whopping £70m.

City of London police have charged Jagmeet Channa, a 25-year-old from Ilford in Essex, with conspiracy to defraud, money laundering, and abusing a position of trust. Three other men have been bailed on related offences. Channa will appear in court on 25 June.

Channa was reportedly a back-office worker at the bank rather than a trader.

Nice and subtle. Well, never said he was smart.

The good ole insider threat cliche rings loud yet again.

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