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Thursday, March 28, 2024

HSBC scandal erupts as British banks face shake-up

HSBC scandal erupts as British banks face shake-up (via AFP)

A scandal erupting at Europe's biggest bank HSBC has added to concerns over the state of Britain's financial sector amid the Barclays rate-rigging affair and as the industry faces a major shake-up. HSBC last week apologised and its head of compliance David Bagley resigned after US lawmakers accused…


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