
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…