HSBC has been fined £6.2 million by the Financial Conduct Authority (FCA) for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship. The bank warned customers that it would be difficult to recover their money and highlighted that accounts with over £1,800 could be emptied. The FCA's fine comes as a result of HSBC's mishandling of customers in financial difficulty, putting them at risk. Additionally, HSBC was fined $8 million for similar failures.
HSBC fined for not treating cash-strapped customers fairly https://t.co/9cXBVjG1jm https://t.co/38ovVYgvtQ
HSBC fined £6.2m for unfair treatment of struggling customers #hsbc https://t.co/6cXEcHWouW
The FCA hands down HSBC a £6.2 million fine for mishandling customers in financial difficulty. Read the details below. https://t.co/e8bD4LcSpf #FCA | #Tech | #News
BREAKING HSBC fined £6.2m after putting 1.5 million customers 'at risk' https://t.co/VqZ1LEibga
HSBC was fined $8 million for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship https://t.co/ItI1TNLhTs
HSBC warns people with over £1,800 their bank account could be emptied https://t.co/vAnXAmrYK9
HSBC warns customers 'it'll be hard to get your money back' https://t.co/V3p2vsrKLD