HSBC has been fined £57.4million by The Bank of England’s Prudential Regulation Authority (PRA) for historic depositor protection failings dating back to 2015.
It is the second biggest fine that the watchdog has ever given out.
The PRA said the bank did not have “adequate systems and controls, and governance” that are pivotal to making prompt payments in the case of the bank collapsing.
More to follow…
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
Latest Posts
Nigel Farage threatens NatWest with court proceedings to resolve debanking scandal
Amazon delivery driver ‘desperate’ for toilet smashed head on into car
Ricky Norwood set for ITV Dancing on Ice axe as dance expert exposes worrying ‘narrowing down’ trend
HMRC to give hundreds of thousands of households a £300 tax-free payment from today
The culpability for this recession must surely lie with the Bank of England
BBC The Apprentice viewers slam ‘awkward editing’ as contestant cut from spin-off show
BBC to air Steve Wright’s final Top of The Pops appearance amid backlash for treatment of late star
I point the finger of blame far more at the Bank of England than the government on recession
