FSA asked wealth and asset managers to summarise what has changed with their own work since Lehman Brothers collapsed on September 15, 2008.
Tag: Lehman Brothers
SFC slaps HSBC with record fine, suspension
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.
HSBC PB appeals record SFC fine
In a misconduct case more than a decade old, HSBC Private Bank has launched an appeal against a record HK$605m regulatory fine ($78m) and the possible revocation of its license to advise on securities.
