On May 30, New York Attorney General Andrew Cuomo announced a settlement in which HSBC will pay $850,000 in civil penalties and reimburse the state of New York about $68,000 for costs associated with the cleanup of a contaminated industrial site in eastern New York.
Archive for » May, 2007 «
UK - May 25, 2007 — Further evidence that the profits of Britain’s banks are being hit by customers reclaiming bank charges emerged yesterday when HSBC admitted it was feeling the repercussions of a customer revolt. Guardian Unlimited reported the story.
Category: 2007 HSBC
Leave a Comment
NEW YORK — The National Association of Securities Dealers said it fined a U.S. brokerage unit of HSBC Holdings PLC $250,000 for failing to have adequate systems in place to supervise trading of government securities.
Category: 2007 HSBC
Leave a Comment
On Monday, 14 May 2007, it was revealed that HSBC worldwide was once again pulled down by two US-based units, one of which was well known as predatory and questionable lender Household International.
Category: 2007 HSBC
Leave a Comment
An NASD arbitration panel found HSBC Brokerage (USA) Inc., liable for $776,000 for negligent misrepresentations and omissions in the sale of a structured note. On Friday, May 4, 2007, the NASD panel awarded $776,000 to Rayburn Enterprises and a related trust. Rayburn Enterprises was represented by Dempsey & Johnson, a Los Angeles, California law firm.
Category: 2007 HSBC
Leave a Comment
