Published on Dec 5, 2011 by Euronews
http://www.euronews.net/ Britain's financial regulator has fined HSBC a record 12.2 million euros for mis-selling investment plans to elderly customers.
The products were intended to cover the cost of staying in retirement homes but they were unsuitable because of the advanced age of most of those who bought them.
Europe's biggest bank is likely to pay another 34 million euros in compensation to those customers.
The products were intended to cover the cost of staying in retirement homes but they were unsuitable because of the advanced age of most of those who bought them.
Europe's biggest bank is likely to pay another 34 million euros in compensation to those customers.
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