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HSBC complaints from identity theft mailing

HSBC sparked fears of identity theft with a direct marketing campaign that featured a fake till receipt for a bill of almost £3,000, but has escaped censure from the advertising watchdog.

The Advertising Standards Authority received 10 complaints about the mailing from people who objected that the ad was distressing and irresponsible because they initially […]

HSBC faces flak in Sweden and elsewhere

HSBC, the troubled investment bank, has come under renewed scrutiny from financial regulators for its role in a controversial dawn raid on shares in OMX, the Swedish stock exchange. Borse Dubai was last week censured by the Swedish financial regulators for failing to follow so-called best-practice rules when it built up a big stake […]

NYSE Fines HSBC for Poor Records Keeping

On January 12 2005 it was reported that “HSBC Holdings PLC’s HSBC Securities Inc., of New York, a member firm, consented without admitting or denying guilt to findings of books and records, regulatory reporting and supervisory deficiencies.

“From early 2000 to September 2002, the member firm failed to retain internal e-mails for a three-year period. […]




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