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Home | FSA fines HSBC £10.5m |
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FSA fines HSBC £10.5m
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- December 05, 2011
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The Financial Services Authority (FSA) has fined HSBC £10.5m, a retail fine record, following its subsidiary NHFA Limited (NHFA) giving elderly customers inappropriate investment advice. In addition to the fine an estimated £29.3m will be paid out in compensation to NHFA customers. From 2005 to 2010 2,485 customers invested in asset-backed products, and many of [...]
- Read more at:http://www.bankingtimes.co.uk/2011/12/05/fsa-fines-hsbc-10-5m/
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