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HSBC has its fine over Lehman products reduced in Hong Kong
Published Tue, Nov 21, 2017 · 09:50 PM
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Hong Kong
HSBC Holdings Plc's private banking unit was fined HK$400 million (S$69.4 million) over sales of structured products linked to Lehman Brothers Holdings Inc in Hong Kong, a smaller penalty than the city's securities regulator initially imposed.
HSBC Private Bank (Suisse) SA will have its licence to advise on securities suspended for a year, while its dealing licence will be partial…
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