30 Jan HSBC fined US$73 million by UK watchdog Prudential Regulation Authority for incorrectly excluding customers’ cash from protection scheme
Posted at 12:57h
in Asia
HSBC Holdings was fined £57.4 million (US$73 million) by the UK for incorrectly excluding billions of pounds of its customers’ money from a depositor protection programme.Imposing the penalty, the Prudential Regulation Authority (PRA) said on Tuesday that the lender failed to properly comply with...