HSBC fined £57.4m for customer deposit protection failings

2 minutes ago About sharing HSBC has been fined £57.4m by the Bank of England for “serious failings” over its measures to protect customer deposits. The bank failed to accurately identify deposits eligible for Britain’s Financial Services Compensation Scheme, the Bank’s Prudential Regulation Authority (PRA) said. Under the scheme, customer deposits are protected up to…

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US sells $238bn of weapons abroad in record year

5 hours ago About sharing American troops beside an M1A2 Abrams tank during training with Polish forces By Max Matza BBC News US weapons sales overseas rose sharply last year, reaching a record total of $238bn (£187bn), as Russia’s invasion of Ukraine stoked demand. The US government directly negotiated $81bn in sales, a 56% increase…

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