HSBC Fined £57.4M For Breaching Depositor Protection Rules

By Sam Tabahriti (January 30, 2024, 10:19 AM GMT) -- Two subsidiaries of HSBC Holdings PLC UK have been fined a total of £57.4 million ($72.8 million) after failing to properly comply with a requirement to guarantee customers' bank deposits in the event of insolvency, the Prudential Regulation Authority said Tuesday....

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