01 Feb 2024
On 30 January 2024 the PRA published a final notice imposing a financial penalty on HSBC Bank PLC and HSBC UK Bank PLC of £57,417,500 for historic depositor protection failings. In this briefing, we cover what happened and ask what lessons can be learned by banks.
This material is provided for general information only. It does not constitute legal or other professional advice.
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