LONDON (dpa-AFX) - The FCA has fined HSBC UK Bank plc, HSBC Bank plc and
Marks and Spencer Financial Services plc 6.2 million pounds for failures in its
treatment of customers who were in arrears or experiencing financial
difficulty.?HSBC agreed to settle the case and qualified for a 30% discount to
the financial penalty imposed, which would otherwise have been 8.97 million
pounds.?

Between June 2017 and October 2018, HSBC failed to properly consider people's
circumstances when they had missed payments. The failings were caused by
deficiencies in HSBC's policies and procedures.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX