HSBC, Europe's biggest bank, has been fined £57-57.4 million for 'serious failings' in safeguarding customer deposits in the event of a collapse. The Bank of England found HSBC had fallen 'far short' of rules aimed at protecting depositors. The fine is deserved and disturbing, according to Breakingviews. The fine could be £57 million or $72.8 million. The reports suggest that parcel delivery service Evri could be sold.
Britain fines HSBC bank for not going far enough to protect deposits in case it collapsed https://t.co/zXIUrOmQX5 https://t.co/JduibYGHT7
UK Fines Big Bank HSBC For Not Protecting Customer Deposits From Collapse https://t.co/1dBD4Zjdmb
HSBC, Europe's biggest bank, has been fined 57.4 million pounds ($72.8 million) for failing to adequately protect customer deposits in the event that the bank collapsed, U.K. regulators said Tuesday. https://t.co/Ez68H8xeuD
Breakingviews - HSBC’s bumper UK fine is deserved, and disturbing https://t.co/UO5YbmMNVB https://t.co/UO5YbmMNVB
$HSBC (-0.1% pre) HSBC fined $73 million for 'serious failings' in UK deposit protection - Reuters https://t.co/EJckn53daA
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 ⬇️ https://t.co/vRASMNy8Eh
In case you missed it: UK bank HSBC has been fined £57.4mn for ‘serious failings’ in safeguarding the deposits of some customers https://t.co/olSizsv4pw
From Breakingviews - Breakingviews - HSBC’s bumper UK fine is deserved, and disturbing https://t.co/yYrtCP2tot https://t.co/yYrtCP2tot
💸 HSBC fined £57m over ‘serious’ failures to protect customer deposits https://t.co/fJ3pg111h3
Watch live: Ian King discusses HSBC's £57m fine for failing to protect consumer deposits. Plus, more on the reports suggesting that parcel delivery service Evri could be sold - https://t.co/rXKaNflg0R https://t.co/ChZblk42X8