November 22, 2017 BY Valentina Kirilova
HSBC Private Bank (Suisse) SA fined HK$400 million for systemic failures in selling structured products
HSBC Private Bank (Suisse) SA, the Hong Kong branch of the Switzerland-based private banking business of HSBC Group, has been fined a record sum of HK$400 million after the Securities and Futures Appeals Tribunal (SFAT) upheld the Hong Kong SFC’s disciplinary action against the bank for material systemic failures in relation to the sale of…
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