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HSBC fined £57m for serious failings in protecting people s savings

HSBC has been fined more than £57 million after the Bank of England found it had fallen “far short” of rules aimed at protecting depositors if the lender collapsed.It is the second-highest penalty

Sam woods

HSBC under fire over failure dating back to 2015 and it s serious

HSBC under fire over failure dating back to 2015 and it s serious
birminghammail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from birminghammail.co.uk Daily Mail and Mail on Sunday newspapers.

Sam woodsFinancial services compensation schemePrudential regulation authorityPrudential regulationChief executive officerDepositor protection rulesDepositor protectionYour money

HSBC confronts USD72 8M fine for breaching customer deposit protection rules

HSBC confronts USD72 8M fine for breaching customer deposit protection rules
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Sam woodsPrudential regulation authorityCredit suisseHoldings plcChief executive

HSBC fined £57m for deposit protection failures

HSBC fined £57m for deposit protection failures
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United kingdomSam woodsCredit suisseEngland prudential regulation authorityUnited kingdom bankBritain financial services compensation schemePrudential regulation authorityFinancial services compensation schemeKingdom bank

HSBC Hit With £57 4M Penalty For Deposit Protection Breaches - HSBC Holdings (NYSE:HSBC)

HSBC fined $73 million for serious failings in protecting some depositors, violating British rules to safeguard customers.

United kingdomSam woodsEngland prudential regulation authorityUnited kingdom bankBritain financial services compensation schemePrudential regulation authorityDepositor protectionKingdom bankFinancial services compensation schemeDeputy governorPrudential regulationChief executive officer