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Regulatory

HSBC cops historic fine for Lehman-linked failures

BY JAMIE WILLIAMSON | WEDNESDAY, 22 NOV 2017 12:22PM

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: HSBC, SFC, Lehman Brothers, SFAT, GFC, private banking, HSBC Private Bank SA, Ashley Alder, investment management

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