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HSBC cops historic fine for Lehman-linked failures

The Hong Kong branch of HSBC's private banking division was fined a record HK$400 million (AU$67 million) for material systemic failures in the lead up to the GFC.

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Read more: HSBCSFCLehman BrothersSFATGFCprivate bankingHSBC Private Bank SAAshley Alderinvestment management